Many business events are recorded in the general ledger from feeder processes. The first list below identifies
Question:
Many business events are recorded in the general ledger 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.
Business Events
A. Purchase order is issued to a vendor
B. Inventory is received from a vendor
C. Inventory is returned from a customer
D. Cash is disbursed for inventory purchased
E. Bad debts are written off
F. Employer taxes are accrued
G. Cash is received from a sale
H. Employer taxes are deposited
I. Inventory is sold to a customer Feeder Processes ____
1. B/AR/CR process ____
2. Purchasing process ____
3. OE/S process ____
4. AP/CD process ____
5. Payroll process
Step by Step Answer:
Accounting Information Systems
ISBN: 9780538469319
9th Edition
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull