In the revenue and collection cycle,the order of the activities in the cycle is best illustrated by
A) Delivering goods, billing customer, granting credit, and performing collection activities.
B) Customer ordering, delivering goods, granting credit, and billing customers.
C) Processing customer orders, granting credit, delivering goods, and billing customers.
D) Granting credit, billing customers, delivering goods, and processing cash receipts.

Question

Quizplus · Accepted Answer

The order of the activities in the revenue and collection cycle typically starts with processing customer orders, followed by granting credit (if applicable), delivering goods, and finally billing customers. Collection activities come after the billing process. Option C is the only choice that follows this logical order of events.

In the Revenue and Collection Cycle,the Order of the Activities