Petty cash, Purchase Order and Revenue Cycle

Types of transaction cycles in accounting

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MAY 12, 2024

This set of sequential, interrelated activities is known as the sales cycle , or revenue cycle. Because the various steps in this cycle cross many departments, it is a good area in which to computerize transactions, so that people throughout the business can access transactions from a central database.

Petty cash

Petty cash Revenue Cycle Purchase Order Accounting

Financial Ops World

Types of transaction cycles in accounting

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