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

Question

Quizplus · Accepted Answer

The purchasing cycle involves ordering inventory, receiving and recording inventory, and paying for inventory. Entering hours on a time sheet is not directly related to the purchasing cycle.

The Purchasing Cycle Includes All of the Following Transactions Except