Common expenditure processes would include all of the following, except:
A)Preparation of a purchase requisition
B)Receipt of the goods or services
C)Recording the liability
D)Payment received on account

Question

Quizplus · Accepted Answer

Common expenditure processes would include preparation of a purchase requisition, receipt of the goods or services, and recording the liability. Payment received on account is a revenue process, not an expenditure process.

Common Expenditure Processes Would Include All of the Following, Except