wt is sales process? can u please giv me answer quick?
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Answer Posted / deepak
Sales Cycle
1)Start with Inquiry from customer
2)Sending Quotation to customer
3)Raising Sales Order
4)Outbound Delivery
5)Picking
6)Post Goods Issue
7)Billing
8)Payment
In FICO interview this process is sufficient. Interviewer might interested in the accounting Entry
Entry for Goods Issue
Cost of Goods sale A/c Debit To Inventory A/c Credit
Entry for Billing
Customer A/c Debit to Revenue A/c Credit
Payment from customer
Bank A/c Debit to Bank A/c
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