Accountıng I Deneme Sınavı Sorusu #1230760
Which of the following is the starting transaction in the operating cycle of a merchandising company starts with
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The purchase of inventories from a vendor. |
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Raw materials are converted to finished goods. |
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Raw materials are converted to work-in-process inventory. |
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The cash is collected from customers. |
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Inventories are sold to customers, either in cash or on account. |
Yanıt Açıklaması:
The cyle starts with the purchase of inventories from a producer or an individual, called a vendor.
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