Oracle P2P Accounting entries

In Oracle purchasing 3 different events occur

1. Enter Purchase Order: 
    No accounting takes place
2. Enter a Receipt:
    For Inventory, Asset and Expense Items:
        Dr: Inventory Receiving A/c
        Cr: Accrual A/c
3.Receiving Transaction: 
   Based on type of item here accounting entry differs
   Inventory Item:
        Dr: Inventory Valuation A/c
        Cr: Inventory Receiving A/c
   Expense Item:
        Dr: Expense A/c
        Cr: Inventory Receiving A/c
  Asset Item:
        Dr: Asset Clearing A/c
        Cr: Inventory Receiving A/c

 Oracle Payable:
 In payable 3 events occur
1. Enter Invoice:
        Dr: Accrual A/c
        Cr: Liability A/c

2.Payment against Invoice:

        Dr: Liability A/c
        Cr: Bank clearing A/c

3.Clearing (Cash Management):

        Dr: Bank clearing A/c
        Cr: Bank A/c

Oracle P2P Accounting entries

Incase below type of items one more accouting entry happens in Oracle
Inventory Item: Item issued to Dept.
       Dr: Expense A/c
       Cr: Inventory valuation

Asset Item: Asset is capitalized

       Dr: Asset A/c
       Cr: Asset clearing A/c
 Order to Cash (O2C)

 Sales order creation – No entries

 Pick release:
Inventory Stage A/c…………………Debit
Inventory Finished goods a/c……..Credit
 Ship confirm:
Cogs A/c ……………………………Debit
Inventory Organization a/c………Credit
 Receviable:
Receviable A/c………………………Debit
Revenue A/c………………………Credit
Tax ………………..…………………Credit
Freight…………..….……………….Credit
 Cash:
Cash A/c Dr…………………………Debit
Receivable A/c……………………….Credit