Which of the following accounting cycles is most likely to be outsourced by a small or midsized business?
A)Revenue cycle
B)HR/Payroll cycle
C)Expenditure cycle
D)Production cycle

Question

Quizplus · Accepted Answer

HR/Payroll cycle is often outsourced by small or midsized businesses because it requires specific expertise, can be time-consuming, and involves sensitive employee information. Outsourcing allows businesses to focus on their core competencies and save costs on hiring and training specialized staff.

Which of the Following Accounting Cycles Is Most Likely to Be