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The revenue cycle involves receiving a customers order, approving credit for a sale, determining whether the goods are available for shipment, shipping the goods, billing
The revenue cycle involves receiving a customers order, approving credit for a sale, determining whether the goods are available for shipment, shipping the goods, billing the customer, collecting cash, and recognizing the effect of this process on revenue and other related accounts such as accounts receivable, inventory, and sales commission expense. (T/F)
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