In which transaction cycle would information for retiring long-term debt be most likely to pass between internal and external accounting information systems?
A)the revenue cycle
B)the expenditure cycle
C)the human resources / payroll cycle
D)the financing cycle

Question

Quizplus · Accepted Answer

The financing cycle involves transactions related to financing activities such as raising and repaying long-term debt. Therefore, information for retiring long-term debt is most likely to pass between internal and external accounting information systems in the financing cycle.

In Which Transaction Cycle Would Information for Retiring Long-Term Debt