Which of the following lists outlines the best order for a typical sequence of activities in the revenue and collection cycle?
A)delivering goods,billing customers,credit granting,collection activity
B)customer ordering,delivering goods,credit granting,collection activity
C)customer ordering,delivering goods,billing customer,cash receipts
D)credit granting,billing customers,delivering goods,cash receipts

Question

Quizplus · Accepted Answer

The customer ordering process is typically the first step in the revenue cycle. After the customer places an order, the company delivers the goods. Once the goods are delivered, the company then generates a bill or invoice to the customer. Finally, the cycle ends with the collection of cash receipts. Credit granting is not typically part of the sequence, as it occurs before the customer has placed an order, and it is not necessarily a recurring step in the cycle.

Which of the Following Lists Outlines the Best Order for a Typical