Hector Sanchez works in the accounting department of a multinational manufacturing firm.A large part of his job involves updating accounts receivable based on sales reports and payments received.His responsibilities are part of the firm's
A)revenue cycle.
B)expenditure cycle.
C)financing cycle.
D)production cycle.

Question

Quizplus · Accepted Answer

Hector Sanchez is updating accounts receivable based on sales reports and payments received, which is a part of the revenue cycle. The revenue cycle involves activities related to the sale of goods or services, from customer order to receipt of payment.

Hector Sanchez Works in the Accounting Department of a Multinational