Which of the following is NOT a concern of the expenditure cycle?
A)Favourable settlement terms are negotiated with the supplier.
B)Payments match supplier invoice,purchase order and delivery docket.
C)Payments are made by authorised employees
D)There are sufficient goods in the finished goods inventory to fulfil the customer's order.

Question

Quizplus · Accepted Answer

The concern of the expenditure cycle is related to the payment of goods and services procured, not the availability of finished goods inventory.

Which of the Following Is NOT a Concern of the Expenditure