what are the accounting entries which get effected in order
to cash cycle
Answer Posted / anil
1. Order Created - No entries
2. Order Pick Released - Inventory Stage A/c Dr
Inventory A/C Cr
3. Order Ship Confirmed - COG sold A/C Dr
Inventory Stage A/c Cr
3. Transaction Created - Receivable Alc Dr
(Receivables) Revenue A/c,Tax A/C, Freight A/c DR
4. Receipt of Payment - Cash a/c Dr
Receivable A/c Cr
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Please post the setups required to approve the payable invoice in AP.
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
Invoice Approval Process?
What is meant RD020
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
difference between tds and income tax (India)
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
SLA usage ans how to define setups?
What is gap analysis, how do you defined?
what is the meaning of purchase default and what are the types
What is meaning of deprecation?
What do you mean by controlling buyers workload?
Re: what are the Issue that we face in Gl,PO and AP while Supporting