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Reversing Journal Entries (Pick all that apply) Purchase Orders are converted into Sales Orders by Suppliers. Purchase Orders have nothing to do with the Revenue
Reversing Journal Entries (Pick all that apply)
Purchase Orders are converted into Sales Orders by Suppliers.
Purchase Orders have nothing to do with the Revenue Cycle
Purchase Orders are prepared by Suppliers in response to Customer requests.
Purchase Orders are part of the Expenditure Cycle
Purchase Orders are prepared by the Customer and entered into the Suppliers Sales System.
In class, students created Quotes as a way around Customer Purchase Orders.
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