A Delivery of Inventory from a Vendor,with Whom a Credit

question 93

Multiple Choice

A delivery of inventory from a vendor,with whom a credit line is already established,would be initially recorded in which type of accounting record and as part of what transaction cycle?

• A)purchases journal;expenditure cycle
• B)general journal;expenditure cycle
• C)general ledger;expenditure cycle
• D)cash disbursements journal;production cycle

---

Definitions:

Operations Managers

Individuals responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services.

Adding Capacity

The process of increasing the ability of a system or process to produce output, either by adding resources or optimizing current ones.

Robust Design

A design that can be produced to requirements even with unfavorable conditions in the production process.

Production

The process of creating, manufacturing, or producing goods and services.