what are the accounting entries which get effected in order
to cash cycle
Answer Posted / aruna
When ship the goods
COGS a/c Dr
To Inventory a/c
At the time of Transaction
Receivables a/c Dr
To Revenue a/c
At the time of receipt
Cash clearing a/c
To receivables a/c
At the time of reconciliation
Cash a/c Dr
Cash clearing a/c
Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
Can I do a payment of 50 bills on a post date. If yes, then how?
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
Can Adjustments be imported?
What is the procedure for requition import?
Charge Back Setups ?
What do you mean by Category Set ? and what is its Relevance ?
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
what is the difference between bonus reserve and bonus expense
Re: what are the Issue that we face in Gl,PO and AP while Supporting
difference between 11i&r12
What is meaning of deprecation?
What are the inventory report to check inventory status.
difference between tds and income tax (India)
Provide an overview of AR cash receipt processing.