Raw material events can be found in which two processes?
A)(1) Revenue and return processes, systems & controls and (2) expenditures and return processes, systems & controls
B)(1) Expenditures and return processes, systems & controls and (2) conversion processes, systems & controls
C)(1) Conversion processes, systems & controls and (2) administrative processes, systems & controls
D)(1) Administrative processes, systems & controls and (2) revenue and return processes, systems & controls

Question

Quizplus · Accepted Answer

Raw material events are related to both the acquisition of materials (expenditures and return processes) and the transformation of those materials into finished goods (conversion processes). Therefore, the correct processes to find raw material events are expenditures and return processes, systems & controls and conversion processes, systems & controls. Option B includes both of these processes.

Raw Material Events Can Be Found in Which Two Processes