Many business events are recorded in the GL from feeder processes. The first list below...
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Accounting
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
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
Bad debts are written off.
Employer taxes are accrued
Cash is received from a sale
Employer taxes are deposited.
A
Cost Accounting Process
B.
Business Reporting Process
C.
Production Process
D.
Payroll Process
E.
Order-to-Cash or Revenue Cycle
F.
Purchase-to-Pay Process
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