Ask Question
29 January, 20:39

John Pablo works in the accounting department of a multinational manufacturing company. His job includes updating accounts payable based on purchase orders and checks. His responsibilities are part of the company'sA) revenue cycle B) expenditure cycle C) financing cycle D) production cycle.

+2
Answers (2)
  1. 29 January, 21:38
    0
    Answer: Expenditure cycle

    Explanation: Expenditure cycle is associated with the payment for and gain of goods and services.

    A company's expenditure cycle involves the continuous process of purchasing, ordering, receiving, approving/storing and payment of the goods and services which are all updated by a number of people and departments.

    However, this decreases the possibility of crime in the company thereby enhancing its financial and accounting system.
  2. 29 January, 21:55
    0
    B. Expenditure Cycle

    Explanation:

    Expenditure Cycle is a group of activities in an organization that is related to buying and payments for good and services. The expenditure cycle involves requisition of goods and services, supplier selection, the ordering of goods and services, their receipt, and subsequent payment for them.

    If John Pablo job involves updating accounts payable based on purchase orders and checks, then he's part of the expenditure cycle of the company.

    Expenditure cycle follows the decision to buy until the final payments.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “John Pablo works in the accounting department of a multinational manufacturing company. His job includes updating accounts payable based on ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers