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.

Question

Business

Elliott

2 July, 21:07

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.

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Answers (2)

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Vanessa Stuart · Answer 1

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.

Destiny Maldonado · Answer 2

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.