The expenditure and return process is similar to the _______ process, except that goods and cash flow in the opposite direction.
A)Procurement
B)Conversion
C)Revenue
D)Systems and control

Question

Quizplus · Accepted Answer

The expenditure and return process is similar to the revenue process because in both cases, there is an exchange of goods and cash. However, in the expenditure and return process, the company spends cash to acquire goods or services, whereas in the revenue process, the company earns cash by selling goods or services. The direction of cash and goods flow is opposite in these two processes.

The Expenditure and Return Process Is Similar to the _______