Transaction Cycles 1.Revenue ( sales & collections) 2.Acquisition (purchases & disbursements) 3.Conversion (production & inventory) 4.Payroll 5.Invest
{"Image DocumentName": "Transaction Cycles Revenue (sales & collections)", "Image ImageDescription": "Acquisition (purchases & disbursements) Conversion (production & inventory) Payroll. Investing. Financing. NOTE: Although understanding cycles is important, audits are done primarily via the balance sheet. In other words, the income stmt and other activities accounts are audited in conjunction with their related balance sheet accounts. Your textbook was selected because it follows the balance sheet approach.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}