Match the Database Table to the Appropriate Transaction Cycle

question 59

Multiple Choice

Match the database table to the appropriate transaction cycle.
-Cash Receipts

• A)Banking Cycle
• B)Sales Cycle
• C)Purchasing Cycle
• D)Financial Cycle
• E)Payroll Cycle

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Definitions:

Comparative Balance Sheets

Financial statements that present the financial position of a business at different points in time, side by side, to facilitate comparison.

Common Stock

A type of equity ownership in a corporation, representing a share of the company, typically with voting rights.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not directly related to the entity’s primary line of business.

Fiscal Year

A one-year period that companies use for accounting purposes and preparing financial statements, which might not align with the calendar year.