The purchasing process is part of the ____ process for a merchandising firm.
A) order-to-cash
B) purchase-to-pay
C) conversion
D) general ledger/financial reporting

Question

Quizplus · Accepted Answer

The purchasing process is part of the purchase-to-pay process for a merchandising firm, which includes ordering goods, receiving them, and paying for them. The order-to-cash process involves receiving and fulfilling customer orders, invoicing them, and collecting payment. The conversion process involves transforming raw materials into finished goods. The general ledger/financial reporting process involves recording financial transactions and preparing financial statements.

The Purchasing Process Is Part of the ____ Process for a Merchandising