Hector Sanchez works in the accounting department of a multinational manufacturing firm.A large part of his job involves updating accounts payable based on purchase reports and payments made by the firm.His responsibilities are part of the firm's
A)revenue cycle.
B)expenditure cycle.
C)financing cycle.
D)production cycle.

Question

Quizplus · Accepted Answer

Hector's job involves updating the accounts payable, which falls under the expenditure cycle. The expenditure cycle involves the process of acquiring goods and services from suppliers/vendors and making payments for them. Updating the accounts payable is a key part of this cycle.

Hector Sanchez Works in the Accounting Department of a Multinational