The purchasing cycle includes all of the following transactions except:
A)Create a purchase order to order inventory
B)Receive inventory items and record in the inventory account
C)Enter hours in the time sheet for stocking inventory
D)Enter bill in QuickBooks when bill is received

Question

Quizplus · Accepted Answer

The purchasing cycle involves ordering, receiving, and recording inventory and related bills, but entering hours in a time sheet for stocking inventory is related to payroll, not purchasing.

The Purchasing Cycle Includes All of the Following Transactions Except