The proper order of events for the operating cycle is:
A)input serving period, accounts receivable period, inventory period, quotation period.
B)quotation period, accounts receivable period, inventory period, input servicing period.
C)quotation period, input servicing period, inventory period, accounts receivable period.
D)accounts receivable period, input servicing period, quotation period, inventory period.

Question

Quizplus · Accepted Answer

The proper order of events for the operating cycle is: quotation period (where customers request quotes), input servicing period (where goods or services are provided), inventory period (where goods are received and held for sale), and accounts receivable period (where payments are received from customers). Choice C has correctly listed them in this order.

The Proper Order of Events for the Operating Cycle Is