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What are the journal entries in O2C Cycle.
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Answer Posted / anji
1. Enter Sales Order: Accounting impact Nil
2. Ship items
-----------Debit ---------PCO
-----------Credit --------Inventory
3. Enter invoice
-----------Debit ---------Receivables
-----------Credit --------Revenue
4. Enter receipts
-----------Debit ---------Cash / Bank
-----------Credit --------Accounts Receivables
| Is This Answer Correct ? | 79 Yes | 6 No |
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