Which of the following accounting information system activities is completed when merchandise inventory is sold?
A) preparation and payment of payroll
B) receipt of customer payment
C) receipt of goods or services
D) payment for goods or services

Question

Quizplus · Accepted Answer

Receipt of customer payment is completed when merchandise inventory is sold, as this represents the revenue generated from the sale. Preparation and payment of payroll relate to employee compensation and are not directly tied to the sale of merchandise. Receipt of goods or services and payment for goods or services relate to the purchase of inventory and are not directly tied to the sale of merchandise.

Which of the Following Accounting Information System Activities Is Completed