Which is the only one class of transaction relating to the payroll cycle?
A)receiving of goods
B)obtaining of service
C)receipt of cash
D)sales

Question

Quizplus · Accepted Answer

The obtaining of service refers to the transactions related to the payroll cycle, which includes the payment of wages, salaries, and taxes. Receiving of goods and sales are related to the sales cycle, and the receipt of cash can be related to various cycles, such as the cash receipts or revenue cycle.

Which Is the Only One Class of Transaction Relating to the Payroll