The revenue cycle is a recurring set of business activities and related information processing operations associated with providing goods and services to customers and collecting cash in payment for those sales.With whom is the primary external exchange of information?

Question

Quizplus · Accepted Answer

The primary external exchange of information in the revenue cycle is with customers, as it involves selling goods and services to them and collecting cash as payment. Competitors, creditors, and marketing organizations may be involved in other aspects of the business, but they are not directly involved in the revenue cycle.

The Revenue Cycle Is a Recurring Set of Business Activities