There are five classes of transactions in the sales and collection cycle. Which is NOT one of them?
A) Payroll for sales staff
B) Cash sales
C) Write- off of uncollectible accounts
D) Sales returns

Question

Quizplus · Accepted Answer

Payroll for sales staff is not a transaction in the sales and collection cycle. The other options (cash sales, write-off of uncollectible accounts, and sales returns) are all transactions in this cycle.

There Are Five Classes of Transactions in the Sales and Collection