Which of the following is not a typical accounting cycle?
A)Revenue.
B)Inventory.
C)Cash.
D)Internal controls.

Question

Quizplus · Accepted Answer

Revenue, inventory, and cash are all typical components of an accounting cycle, involving the recording and management of financial transactions. Internal controls, while important for ensuring the accuracy and integrity of financial reporting, are not typically considered a separate phase of the accounting cycle. Instead, internal controls are a set of ongoing processes and procedures that are integrated throughout the cycle to ensure accurate and reliable financial reporting.

Which of the Following Is Not a Typical Accounting Cycle