Question: please answer with full explanation In the REA model, the act of an accounts payable clerk receiving a vendor invoice that summarizes information regarding the
please answer with full explanation
- In the REA model, the act of an accounts payable clerk receiving a vendor invoice that summarizes information regarding the transfer of goods or services from the vendor to the enterprise is a(an):
- Economic increment event
- Instigation event
- Economic decrement event
- Commitment event
- Information event that further describers the economic increment event
- In the REA model, the act of a payroll clerk issuing payroll checks to employees to compensate them for hours worked is a:
- Economic decrement event
- Economic increment event
- Instigation event
- Commitment event
- Economic reversal event
- Which of the following entities are usually paired in a reservation relationship in expenditure cycle?
- Purchase requisition and purchase order
- Purchase order and purchase
- Purchase and inventory
- Purchase requisition and inventory type
- Purchase order and inventory type
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