Hector Sanchez works in the accounting department of a multinational manufacturing company.His job includes updating accounts receivable based on sales orders and remittance advices.His responsibilities are part of the company's
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.

Question

Quizplus · Accepted Answer

Hector Sanchez's responsibilities are related to updating accounts receivable based on sales orders and remittance advices, which are part of the revenue cycle. The revenue cycle includes all activities related to the sale of goods or services, from the initial order to the collection of payment.

Hector Sanchez Works in the Accounting Department of a Multinational