The operating cycle begins with the ____ and ends with the ____.
A) purchase of resources; selling of the product on credit
B) payment for purchases; liquidation of receivables
C) purchase of resources; receipt of cash
D) payment for purchases; receipt of cash

Question

Quizplus · Accepted Answer

The operating cycle starts with the purchase of resources necessary for production and ends when the company receives cash from selling the product, encompassing the entire process from acquisition to cash receipt.

The Operating Cycle Begins with the ____ and Ends with the ____

The Operating Cycle Begins with the and Ends with the