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what are the accounting entries which get effected in order
to cash cycle

Answer Posted / anil

1. Order Created - No entries

2. Order Pick Released - Inventory Stage A/c Dr
Inventory A/C Cr

3. Order Ship Confirmed - COG sold A/C Dr
Inventory Stage A/c Cr

3. Transaction Created - Receivable Alc Dr
(Receivables) Revenue A/c,Tax A/C, Freight A/c DR

4. Receipt of Payment - Cash a/c Dr
Receivable A/c Cr

Is This Answer Correct ?    4 Yes 1 No



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