QUESTION 1 Many business events are recorded in the GL from feeder processes. Th
ID: 2531814 • Letter: Q
Question
QUESTION 1 Many business events are recorded in the GL from feeder processes. The first list below identifies eight business events. The second list specifies five feeder processes. Match the events with the processes. Each process may have one or more event specified. Some events may not be used A Business Reporting Process B. Production Process ?Sales order is received from a customer. Inventory is sold to a customer Inventory is received from a vendor Inventory is returned from a customer. Cash is disbursed for inventory purchase - Order-to-Cash or Revenue Cycle D.Cost Accounting Process E. Purchase-to-Pay Process F Payroll Process Bad debts are written off Employer taxes are accrued Cash is received from a sale Employer taxes are deposited.Explanation / Answer
Sales order is received from a customer.
Order-to-Cash or Revenue Cycle
Inventory is sold to a customer.
Order-to-Cash or Revenue Cycle
Inventory is received from a vendor
Purchase-to-Pay Process
Inventory is returned from a customer.
Order-to-Cash or Revenue Cycle
Cash is disbursed for inventory purchase
Purchase-to-Pay Process
Bad debts are written off.
Order-to-Cash or Revenue Cycle
Employer taxes are accrued
Payroll Process
Cash is received from a sale
Order-to-Cash or Revenue Cycle
Employer taxes are deposited.
Payroll Process
Sales order is received from a customer.
Order-to-Cash or Revenue Cycle
Inventory is sold to a customer.
Order-to-Cash or Revenue Cycle
Inventory is received from a vendor
Purchase-to-Pay Process
Inventory is returned from a customer.
Order-to-Cash or Revenue Cycle
Cash is disbursed for inventory purchase
Purchase-to-Pay Process
Bad debts are written off.
Order-to-Cash or Revenue Cycle
Employer taxes are accrued
Payroll Process
Cash is received from a sale
Order-to-Cash or Revenue Cycle
Employer taxes are deposited.
Payroll Process
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