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