can someone please help me with this problem Many business events are recorded i
ID: 2792099 • Letter: C
Question
can someone please help me with this problem
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
Purchase 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.
Order-to-Cash or Revenue Cycle
Purchase-to-Pay Process
Business Reporting Process
Cost Accounting Process
Production Process
Payroll Process
- A. B. C. D. E. F.Purchase order is received from a customer.
- A. B. C. D. E. F.Inventory is sold to a customer.
- A. B. C. D. E. F.Inventory is received from a vendor
- A. B. C. D. E. F.Inventory is returned from a customer.
- A. B. C. D. E. F.Cash is disbursed for inventory purchase
- A. B. C. D. E. F.Bad debts are written off.
- A. B. C. D. E. F.Employer taxes are accrued
- A. B. C. D. E. F.Cash is received from a sale
- A. B. C. D. E. F.Employer taxes are deposited.
A.Order-to-Cash or Revenue Cycle
B.Purchase-to-Pay Process
C.Business Reporting Process
D.Cost Accounting Process
E.Production Process
F.Payroll Process
Explanation / Answer
In the given Scenario, certain events must be matched with certain feeder processes:-
1. A , B , D , F , H .The Order to Cash / Revenue Cycle includes the following business events :-
2. C , E .The Purchase to pay process includes the following business events:-
3. G , I .The Payroll Process includes the following business events:-
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