Which of the following transaction processing cycles concerns events related to the distribution of goods and services to other organizations and the collection of related payments?
A) Production
B) Expenditure
C) Financial reporting
D) Revenue

Question

Quizplus · Accepted Answer

The revenue cycle concerns events related to the distribution of goods and services to other organizations and the collection of related payments. It includes activities such as sales order processing, credit authorization, shipment, invoicing, and cash receipts. The other options (production, expenditure, financial reporting) do not directly relate to the distribution of goods/services and collection of payments.

Which of the Following Transaction Processing Cycles Concerns Events Related