Question

Many business events are recorded in the GL from feeder processes. The first list below identifies eight business events. The second list specifies five feeder processes. Match the events with the processes. Each process may have one or more event specified. Some events may not be used

-       A.       B.       C.       D.       E.       F.	Sales order is received from a customer.
-       A.       B.       C.       D.       E.       F.	Inventory is sold to a customer.
-       A.       B.       C.       D.       E.       F.	Inventory is received from a vendor
-       A.       B.       C.       D.       E.       F.	Inventory is returned from a customer.
-       A.       B.       C.       D.       E.       F.	Cash is disbursed for inventory purchase
-       A.       B.       C.       D.       E.       F.	Bad debts are written off.
-       A.       B.       C.       D.       E.       F.	Employer taxes are accrued
-       A.       B.       C.       D.       E.       F.	Cash is received from a sale
-       A.       B.       C.       D.       E.       F.	Employer taxes are deposited.

A.	Payroll Process
B.	Purchase-to-Pay Process
C.	Business Reporting Process
D.	Order-to-Cash or Revenue Cycle
E.	Cost Accounting Process
F.	Production Process

Answer 1

Correct Choice	Business Events	Feeder Processes
D	Sales order is received from a customer.	Order-to-Cash or Revenue Cycle
D	Inventory is sold to a customer.	Order-to-Cash or Revenue Cycle
B	Inventory is received from a vendor.	Purchase-to-Pay Process
D	Inventory is returned from a customer.	Order-to-Cash or Revenue Cycle
B	Cash is disbursed for inventory purchase.	Purchase-to-Pay Process
D	Bad debts are written off.	Order-to-Cash or Revenue Cycle
A	Employer taxes are accrued.	Payroll Process
D	Cash is received from a sale.	Order-to-Cash or Revenue Cycle
A	Employer taxes are deposited.	Payroll Process