Which event is part of the Purchasing Cycle?
A)Pay bill
B)Create invoice
C)Make deposit
D)Enter bill

Question

Quizplus · Accepted Answer

Entering a bill is part of the Purchasing Cycle as it involves recording an expense and the corresponding liability owed to a vendor. The other options (paying a bill, creating an invoice, and making a deposit) are not part of the Purchasing Cycle, but are part of the Accounts Payable and Accounts Receivable cycles.

Which Event Is Part of the Purchasing Cycle