what are the accounting entries which get effected in order
to cash cycle

Answer Posted / bhargav athuluri

When you ship the goods

Cost of goods sold A/C Dr
TO Inventory A/C
When you run the auto invoice program

Receivables A/C Dr
To Revenue A/C
When you receive cash

Cash A/C Dr
TO Cash clearing A/C

Is This Answer Correct ?    8 Yes 4 No



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