Both the revenue and the expenditure cycle can be viewed as having two key parts.These are
A)manual and computerized
B)physical and financial
C)input and output
D)batch and real-time

Question

Quizplus · Accepted Answer

The revenue and expenditure cycles both involve physical transactions (such as receiving goods or paying bills) as well as financial transactions (such as recording revenue or expenses). Therefore, the best choice is B - physical and financial. The other options do not accurately reflect the two key parts of these cycles.

Both the Revenue and the Expenditure Cycle Can Be Viewed