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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
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 Payroll Process B. Business Reporting Process C. Order-to-Cash or Revenue Cycle D Purchase-to-Pay Process EProduction Process Purchase order is received from a customer. Inventory is sold to a customer. Inventory is received from a vendor Inventory is returned from a customer. Y Cash is disbursed for inventory purchase Cost Accounting Process Bad debts are written off Y Employer taxes are accrued Cash is received from a sale Employer taxes are deposited
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