Mrinava Chakraborty

• May 16th, 2018

The cycle is as follows :
1. Sales (getting into a contract)
2. Master data management
3. Credit review
4. Order Management
5. Billing and invoicing
6. Cash Application
7. Collections
8. Deductions

Ganesh

• Feb 6th, 2015

Review of the product ->quotation->order to goods ->create the sales order->delivery the goods -> create the invoice Bill -> order to cash ->

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VEERA

• Apr 1st, 2019

First inform to the customer regarding that payment received status. After the adjust all the invoices and provide the updated SOA to the customer . If any disputes pass the receipt entry or adjust the invoices details means check with related team and pass the rectify entry.

mohamed

• Apr 1st, 2018

After Receiving Payment from Customer, What is next step till finalization?

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What is the AR cycle with accounting entires step by step

PJR

• Jun 20th, 2019

Sales term
Credit term
Data management
Order management
Billing
Cash application
Collections
Deductions

Narasimha

• May 9th, 2019

Accounts receivable cycle:
1 order Management
2 credit Management
3 Billing
4 cash application
5 cash collection
6 disputes
7 Analysis and reports

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Rama started one business capital 1,00,000. Established one product at cost 82250, another one product established 18550. He sold both items 120000, debit 12500, rent 13500. What is the general entry?

Pranav Gupta

• Feb 2nd, 2021

At sales: Debtor A/C Dr - To Sales A/c, on BR receiving, BR A/C Dr - To Debtor A/c and finally on Cash receive, Cash/Bank A/C Dr. - To BR A/C

jassim jalaludeen

• Dec 28th, 2015

1. For Capital
Bank/Cash ac Dr 100000
To capital ac Cr 100000.

2. Brought stock
Stock A/c dr. 82250
Stock a/c Dr. 18550
To Cash/Bank 100800.

3. Cash/Bank a/c dr. 120000
To Revenue a/c cr. 120000

4. Cost of good sold a/c Dr. 100800
To stock a/c Cr. 100800.

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