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what are the accounting entries which get effected in order
to cash cycle
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Answer Posted / poonam
Accounting Entries for AR
Once the Order is shipped then Material account will be
credit and COGS Account will be debit.
At the time of Invoice creation
Revenue account will be credit and receivable account will
be debit.
At the time of receipt creation.
Receivable account will be credit and Bank payment account
will be debit
| Is This Answer Correct ? | 62 Yes | 9 No |
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