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Which of the following documents is most likely to be used in the expenditure cycle? time cards purchase order sales invoice The general ledger records
Which of the following documents is most likely to be used in the expenditure cycle?
time cards
purchase order
sales invoice
The general ledger
records large numbers of repetitive transactions
is used to record infrequent or nonroutine transactions
contains summarylevel data for every account of the organization
records all detailed data for any general ledger account that has individual subaccounts
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