The ________ Normally Triggers the Billing Process in the Revenue

question 23

Multiple Choice

The ________ normally triggers the billing process in the revenue cycle.

• A)sales order received from the sales department
• B)picking ticket received from the sales department
• C)packing slip received from the shipping department
• D)journal voucher received from the shipping department

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Definitions:

Current Ratio

A liquidity measure indicating a company’s ability to meet short-term obligations with its short-term assets.

Decimal Place

A position to the right of a decimal point in a number, representing a fraction of a whole.

Inventory Turnover

A financial ratio that measures how many times a company has sold and replaced its inventory over a certain period of time.

Decimal Place

Refers to the position or number of digits to the right of the decimal point in a decimal number, indicating a part of a whole in fractional terms.