O2C cycle with which accounts get effected

Question Posted / kunal.tex

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O2C cycle with which accounts get effected..

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

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O2C cycle with which accounts get effected..

Answer / manojthakur

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 ?

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