Which entity is likely to be part of both the revenue cycle and the expenditure cycle?
A) Receive Goods
B) Customer
C) Receive Cash
D) Inventory

Name: Which entity is likely to be part of both the revenue cycle and the expenditure cycle? A) Receive Goods B) Customer C) Receive Cash D) Inventory
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inventory is a part of both the revenue cycle (as it is sold to customers and generates revenue) and the expenditure cycle (as it needs to be purchased and paid for by the company).

Which Entity Is Likely to Be Part of Both the Revenue