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what are the accounting entries which get effected in order
to cash cycle
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Answer Posted / kathir
For Order to Cash Entries.
Step 1: Sales order creation - No entries
Step 2: Pick release : Inventory Stage A/c Dr
To Inventory Finished goods a/c
Step 3: Ship confirm : Cogs A/c Dr
Inventory Organization A/c.
Step 4: In Receviable : Receviable A/c dr
To Revenue A/c
To Tax
To Freight
Step 5: Cash : Cash A/c Dr
Receivable A/c cr
| Is This Answer Correct ? | 42 Yes | 9 No |
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