Which of the following activities is not part of the expenditure cycle?
A)Purchasing
B)Updating the accounts payable
C)Authorising payment
D)Producing goods

Question

Quizplus · Accepted Answer

Producing goods is part of the conversion cycle, not the expenditure cycle. The expenditure cycle typically includes activities such as purchasing, updating accounts payable, and authorizing payment.

Which of the Following Activities Is Not Part of the Expenditure