Final answer:
The general ledger and reporting (D) is not considered a transaction cycle; instead, it is an aspect of the financial accounting and reporting activities. Transaction cycles include the revenue, expenditure, and human resources/payroll cycles which are operational processes.
Step-by-step explanation:
In the context of governmental affairs, transaction cycles generally refer to the various systems in place for tracking and managing different types of transactions within an organization. Answering your question: D) general ledger and reporting is not considered a transaction cycle. Transaction cycles are typically categorized as operational processes, such as:
- A) revenue cycle - dealing with the selling of goods and services and the inflow of cash,
- B) expenditure cycle - concerning the purchase of items or services and the outflow of cash,
- C) human resources/payroll cycle - managing employee information, payroll, and benefits.
In contrast, the general ledger and reporting falls under the umbrella of financial accounting and reporting activities, which involve summarizing and reporting the results of all transactions that occur across the different cycles.