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

Question

Quizplus · Accepted Answer

Inventory is involved in both the revenue cycle (as a product sold to customers) and the expenditure cycle (as a product purchased from suppliers). While the other options may be involved in one of the cycles (e.g. customer in revenue cycle, receive cash in expenditure cycle), they are not typically involved in both.

Which Entity Is Most Likely to Be Part of Both