Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the revenue cycle would be
A)give cash,get goods.
B)give goods,get cash.
C)give cash,get labor.
D)give cash,get cash.

Question

Quizplus · Accepted Answer

In the revenue cycle, the company gives goods or services and gets cash or receivables in return, making option B the correct example of a "give-get" transaction.

Transaction Cycles Can Be Summarized on a High Level as "Give-Get