Question

John Pablo works in the accounting department of a multinational manufacturing company, His job includes updating account receivable based on sales orders and remittance advices. His responsibilities are part of the company's A) revenue cycle B) expenditure cycle C) financing cycle D) production cycle.

Answer 1

Answer:

The correct answer is letter "A": revenue cycle.

Explanation:

The revenue cycle comprises all the activities that a firm takes from the manufacturing of a good until it reaches the retailer or end-user. The cycle actually ends when the payment for the good is received whether it is made with cash at the moment of the purchase or on credit.