In Which Transaction Cycle Would Customer Sales Transaction Information Be

question 21

Multiple Choice

In which transaction cycle would customer sales transaction information be most likely to pass between internal and external accounting information systems?

• A)the revenue cycle
• B)the expenditure cycle
• C)the human resources / payroll cycle
• D)the financing cycle

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Definitions:

GDP

Gross Domestic Product, a measure of the total economic output of a country.

United States

A country located primarily in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

China

A country located in East Asia, the world's most populous nation, with a rich history, dynamic economy, and significant global influence.

Child Mortality

Refers to the death of children under the age of five.