Within the expenditure cycle,internal information flows

Question

Quizplus · Accepted Answer

Internal information flows in various directions within the expenditure cycle. Information flows from the production cycle to the expenditure cycle when the production department requests materials, supplies, and services from vendors. Similarly, information flows from the revenue cycle to the expenditure cycle when the sales department seeks approval for discounts or promotional activities. Finally, information from the expenditure cycle is posted to the general ledger, indicating the expenses incurred by the organization. Therefore, all of the given options (A, B, and C) are correct.

Within the Expenditure Cycle,internal Information Flows