O2C cycle with which accounts get effected
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Answer / barodianbuddy(acca)
Sales order creation No entries
Pick release:
Inventory Stage A/c Debit
Inventory Finished goods a/c Credit
Ship confirm:
Cogs A/c Debit
Inventory Organization a/c Credit
Receviable:
Receviable A/c Debit
Revenue A/c Credit
Tax Credit
Freight Credit
Cash:
Cash A/c Dr Debit
Receivable A/c Credit
| Is This Answer Correct ? | 2 Yes | 0 No |
CYCLE IS KIND OF FIXED ASSET AND IT IS CONSIDERED INTO THE
FIXED ASSETS AND ALSO DEPRECIATION ACCOUNT IS EFFECTED AT THE
END OF YEAR AS DEPRECIATE VALUE ACCOUNTED.
| Is This Answer Correct ? | 2 Yes | 3 No |
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