The transactions typically classified in the acquisition and expenditure cycle flow do not include
A) Requesting goods, services, or assets.
B) Placing the sales order.
C) Receiving, inspecting, and accepting the assets.
D) Accounting for accounts payable.

Question

Quizplus · Accepted Answer

Placing the sales order is not part of the acquisition and expenditure cycle flow, as it pertains to the sales and revenue cycle. The other choices are related to the acquisition and expenditure cycle flow.

The Transactions Typically Classified in the Acquisition and Expenditure Cycle