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INATION #1 - CHAPTERS 1, 2, &3 Save Submit Test for Question 43 Describe the key activities in the revenue, conversion, and e
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Revenue cycle:-
Sale order processing, shipping of goods, billing, collection of receipts and depositing money in bank
Conversion cycle:-
Inspection of goods, Production of goods, Quality check of output, assembling of goods into stock
Expenditure cycle:-
Payment of factory expenditures like electricity, salaries, and wages.
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