Which of the Activities Listed Below Is Not Part of the Revenue

question 87

Multiple Choice

Which of the activities listed below is not part of the revenue cycle?

• A)sales order entry
• B)shipping
• C)receiving
• D)billing

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Definitions:

Assets

Economic resources or valuable items that an individual, corporation, or country owns or controls with the expectation that it will provide future benefits.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Required Share

The portion of equity that must be offered to existing shareholders when new shares are issued.

Ownership

The state or fact of possessing something, often referring to the holding of assets or property.