Transaction Cycles

Question 0

Expenditure Cycle

Answer 0

Purchases, payables, and cash disbursements

Question 1

Revenue Cycle

Answer 1

Sales revenues, receivables, and cash receipts

Question 2

Inventory Cycle

Answer 2

Perpetual inventory, physical counts, and manufacturing costs

Question 3

Investment Cycle

Answer 3

Investments in debt and equity and the related income received.

Question 4

PP&E Cycle

Answer 4

Includes acquisitions and disposals and related depreciation expense.

Question 5

Payroll and Personnel Cycle

Answer 5

Includes payroll and personnel functions.

Question 6

Financing Cycle

Answer 6

Debt and equity financing, repayments to borrowers, interest expense, and dividends