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what are the accounting entries which get effected in order
to cash cycle
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Answer Posted / aruna
When ship the goods
COGS a/c Dr
To Inventory a/c
At the time of Transaction
Receivables a/c Dr
To Revenue a/c
At the time of receipt
Cash clearing a/c
To receivables a/c
At the time of reconciliation
Cash a/c Dr
Cash clearing a/c
| Is This Answer Correct ? | 3 Yes | 2 No |
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