Which Entity Is Likely to Be Part of Both the Payroll

question 51

Multiple Choice

Which entity is likely to be part of both the payroll cycle and the expenditure cycle?

• A) Receive Goods
• B) Customer
• C) Disburse Cash
• D) Inventory

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Definitions:

Advertising Brochure

A promotional document designed to introduce, explain, and market a company's products or services to potential buyers.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a designated person.

Recording Process

The recording process in accounting involves chronologically documenting the financial transactions of a business to ensure accurate financial reporting.

Credit Balances

The amount of money a company owes to its creditors, often shown as liabilities on the balance sheet.