Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What are the journal entries in O2C Cycle.

Answer Posted / anji

1. Enter Sales Order: Accounting impact Nil
2. Ship items
-----------Debit ---------PCO
-----------Credit --------Inventory
3. Enter invoice
-----------Debit ---------Receivables
-----------Credit --------Revenue
4. Enter receipts
-----------Debit ---------Cash / Bank
-----------Credit --------Accounts Receivables

Is This Answer Correct ?    79 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Provide an overview of AR cash receipt processing.

2663


how service tax work.

2453


What is difference between primary and secondary ledger

1220


difference between 11i&r12

1950


What is gap analysis, what are the pre-requisities?

1303


what r issues faced in gl

2826


What do you mean by controlling buyers workload?

10332


When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?

2969


HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .

2019


Hi guys, any person available ap,ar material pls send me this mail.id sreenathapps09@gmail.com

1946


what is the difference between before pages trigger and after parameter trigger in reports ?

2449


can we define 2 different currency revaluation at a time??

2393


Can Adjustments be imported?

2201


What is automation of accounts payable activities (evaluated receipt settlement)?

1326


What is the use of gl set of books name, while configure multiorg?

1148