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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to support projects life cycles details?

674


can any one tell me what exactly functional consultant do on daily basis? client requirements?

532


how to do customization while doing oracle implementation. what is the role of functional consultant in customization?

2179


what is VAT claim process?

2107


how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl

2010






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?

2464


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

1438


What is meant RD020

478


Re: what are the Issue that we face in Gl,PO and AP while Supporting

1846


1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??

2969


what is the difference between bonus reserve and bonus expense

3995


Payables Applications Technical Reference Manual

2033


What is Difference between Auto Copy Journal and recurring journal?

1301


Explain about Localization (IND & US ) in Oracle Apps ?

2709


Charge Back Setups ?

1706