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what are the accounting entries which get effected in order
to cash cycle
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Answer Posted / bhargav athuluri
When you ship the goods
Cost of goods sold A/C Dr
TO Inventory A/C
When you run the auto invoice program
Receivables A/C Dr
To Revenue A/C
When you receive cash
Cash A/C Dr
TO Cash clearing A/C
| Is This Answer Correct ? | 8 Yes | 4 No |
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