In which transaction cycle would information for paying interest be most likely to pass between internal and external accounting information systems?
A) the revenue cycle
B) the expenditure cycle
C) the human resources / payroll cycle
D) the financing cycle

Question

Quizplus · Accepted Answer

The financing cycle involves activities related to borrowing and repaying funds, as well as paying interest on those funds. Therefore, it is most likely that information for paying interest would pass between internal and external accounting information systems in this cycle.

In Which Transaction Cycle Would Information for Paying Interest Be