In which transaction cycle would information for borrowing money 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 obtaining funds from external sources, which would involve exchanging information about borrowing money between internal and external accounting information systems.

In Which Transaction Cycle Would Information for Borrowing Money Be