One of the Basic Activities in the Expenditure Cycle Is

question 36

Multiple Choice

One of the basic activities in the expenditure cycle is the receiving and storage of goods,supplies,and services.What is the counterpart of this activity in the revenue cycle?

• A)sales order entry process
• B)shipping function
• C)cash collection activity
• D)cash payments activity

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Definitions:

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A type of wine made from green or yellowish grapes, or from red grapes with the skin removed, and noted for a lighter flavor profile compared to red wines.

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The maximum price at which a case of goods, typically in a wholesale or retail setting, is offered for sale.

Ontario Ministry

A branch of the government in the province of Ontario, Canada, responsible for a specific department or area of public policy.

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The duration and quality of time that an individual has spent in the educational field as a teacher.