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O2C cycle with which accounts get effected

Answer Posted / barodianbuddy(acca)

Sales order creation No entries

Pick release:
Inventory Stage A/c Debit
Inventory Finished goods a/c Credit
Ship confirm:
Cogs A/c Debit
Inventory Organization a/c Credit

Receviable:
Receviable A/c Debit
Revenue A/c Credit
Tax Credit
Freight Credit

Cash:
Cash A/c Dr Debit
Receivable A/c Credit

Is This Answer Correct ?    2 Yes 0 No



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