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Purchase Cycle A/P Cycle. Sale Cycle A/R Cycle. Inventory Cycle. In put. LPO. In put. Invoice. Credit Memo. Debit Memo. +. -. Dr. Cr. Dr. Cr. Process. Asset. Cash. Process. Cash. Sales. Exp. A/P. A/R. COGS. Asset. Out Put. Income Statement. Financial Position.
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Purchase Cycle A/P Cycle Sale Cycle A/R Cycle Inventory Cycle In put LPO In put Invoice Credit Memo Debit Memo + - Dr. Cr. Dr. Cr. Process Asset Cash Process Cash Sales Exp. A/P A/R COGS Asset Out Put Income Statement Financial Position