The acquisition and payment cycle typically begins with the cash disbursement for requested raw materials.

Name: The acquisition and payment cycle typically begins with the cash disbursement for requested raw materials.
Brand: Quizplus
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Quizplus · Accepted Answer

The acquisition and payment cycle typically begins with a purchase order for the needed materials, followed by the receipt and inspection of those materials, creation of an accounts payable account for the vendor, and finally the disbursement of cash to pay the vendor invoice.

The Acquisition and Payment Cycle Typically Begins with the Cash