The purchasing cycle consists of transactions between which entities?
A)A company and vendors
B)A company and employees
C)A company and customers
D)A company and a bank

Question

Quizplus · Accepted Answer

The purchasing cycle refers to the process of a company buying goods or services from vendors, so the answer is A. The other options (B, C, and D) do not involve transactions related to the purchasing cycle.

The Purchasing Cycle Consists of Transactions Between Which Entities