Vendor Invoices from the Expenditure Cycle Flow into the General

question 25

Multiple Choice

Vendor invoices from the expenditure cycle flow into the general ledger and financial reporting cycle through:

• A)the purchases journal directly
• B)the purchases journal and then through the accounts payable subsidiary ledger
• C)the cash disbursements journal directly
• D)the accounts payable subsidiary ledger and then through the cash disbursements journal

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Definitions:

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Carbon Dioxide

A gas that lacks both color and odor, produced from the combustion of carbon and organic elements, and through respiratory activities, captured by plants for their photosynthesis process.

FADH2

A reduced form of flavin adenine dinucleotide, a coenzyme involved in the respiratory chain that transfers electrons.

ATP

Adenosine triphosphate, a molecule that carries energy within cells for metabolism.