Updating accounts receivable is part of which transaction cycle?
A)Human resources/payroll.
B)Expenditure.
C)Financing.
D)Revenue.

Question

Quizplus · Accepted Answer

The updating of accounts receivable is part of the revenue transaction cycle, which involves the sale of goods or services and the collection of payment from customers. In this cycle, accounts receivable is recorded when a sale is made, and then updated as payments are received from customers.

Updating Accounts Receivable Is Part of Which Transaction Cycle