Which of the following documents would be found in the expenditure cycle?
A)delivery ticket
B)time card
C)credit memo
D)purchase order

Question

Quizplus · Accepted Answer

The purchase order is a key document in the expenditure cycle, as it initiates the purchase of goods or services. The delivery ticket (A) would be found in the inventory cycle, the time card (B) would be found in the payroll cycle, and the credit memo (C) would be found in the revenue cycle.

Which of the Following Documents Would Be Found in the Expenditure