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What are the accounting entries which get affected in order to cash cycle?

Order to Cash Accounting
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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/18
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Ahmed Nagii
by Ahmed Nagii , Accountant , Delta construction

Step 1: Sales order creation - No entriesStep 2: Pick release : Inventory Stage A/c DrTo Inventory Finished goods a/c Step 3: Ship confirm : Cogs A/c DrInventory Organization A/c.Step 4: In Receviable : Receviable A/c drTo Revenue A/cTo Tax To FreightStep 5: Cash : Cash A/c DrReceivable A/c cr 

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