The expenditure cycle commences when:
A)~ A section of the organisation signals a need for goods or services to be provided
B)The goods or services that are acquired by a section of the organisation have been paid for
C)Purchase orders are appropriately authorised
D)Delivered goods are received

Question

Quizplus · Accepted Answer

The expenditure cycle begins when a section of the organization signals a need for goods or services to be provided. This initiates the process of acquiring the necessary items or services through the purchase order and payment process. The other options listed (B, C, and D) occur during or after the expenditure cycle has been initiated.

The Expenditure Cycle Commences When