_____ Is Not Considered in the Determination of the Operating

question 23

Multiple Choice

_____ is not considered in the determination of the operating cycle.

• A)Accounts Receivable
• B)Merchandise Inventory
• C)Cash
• D)None of these answers is correct

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Definitions:

Drawing Accounts

Personal accounts of the owners or partners in a business representing withdrawals of the business's assets for personal use.

Revenue Accounts

are ledger accounts that track the income earned by a company from its normal business operations, which is then reported on the income statement.

Expense Accounts

Accounts used in accounting to record all expenses transactions made by a business.

Abbreviations

Shortened forms of words or phrases used for convenience.