Which of the following is not an economic increment event? a. receive raw materials b. receive...
Which of the following is not an economic increment event?
a. receive raw materials
b. receive vendors invoice
c. receive cash
d. produce finished goods
e. receive returned goods
Homework Answers
Option B-------receive vendors invoice
Receiving raw materials amounts to economic increment event in acquisition cycle. Receiving cash amounts to economic increment event in revenue cycle.Produce finished goods amounts to economic increment event.Receiving returned goods amounts to economic decrement reversal events.
Receiving vendors invoice details what vendor did and reminds enterprise to fulfill its part of commitment by paying for what was received.
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Which of the following is not an economic increment event?
a. receive raw materials
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