Accountıng I Deneme Sınavı Sorusu #1181589
Which of the following is the last step of the first round of operating cycle for a merchandising company?
|
Selling inventories to costumers |
|
Purchasing inventories |
|
Hosting inventories |
|
Collecting cash from costumers |
|
Receiving inventories |
Yanıt Açıklaması:
The operating cycle of a merchandising company starts with the purchase of inventories from a producer or an individual, called a vendor. Then these inventories are sold to customers, either in cash or on account. When the cash is collected from customers, the operating cycle ends the first round.
Yorumlar
- 0 Yorum