Accountıng I Deneme Sınavı Sorusu #1226187
Which of the following is incorrect information about the operating cycle?
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Account receivables may result from the sale of inventories. |
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Cash is collected by collecting account receivables from customers. |
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Businesses buy inventory in cash. |
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İnventories are sold to customers, either in cash or on account. |
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The operating cycle starts with the sell of inventories from a producer. |
Yanıt Açıklaması:
The correct answer is B. The operating cycle of a merchandising company starts with the purchase of inventories from a producer or an individual, called a vendor.
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