For a retail business, a delivery of inventory, from a vendor (with whom there is an established credit relationship) would be initially recorded in which type of accounting record as part of which transaction cycle?

A) purchases journal; expenditure cycle
B) general journal; expenditure cycle
C) general ledger; expenditure cycle
D) cash disbursements journal; production cycle

A

Business

You might also like to view...

Effectiveness is ________.

Fill in the blank(s) with the appropriate word(s).

Business

According to the ________ shop provision, an employee is required to support a union financially even if the employee is not a union member

a. union b. agency c. open d. closed

Business