Which one of the following is NOT one of the five classes of transactions included in the sales and collection cycle?
A) Depreciation expense-store equipment
B) Bad debt expense
C) Write- off of uncollectible accounts
D) Sales returns and allowances

Question

Quizplus · Accepted Answer

Depreciation expense-store equipment is not a transaction related to the sales and collection cycle. The five classes of transactions included in this cycle are:

1. Sales
2. Cash receipts
3. Sales returns and allowances
4. Bad debt expense
5. Write-off of uncollectible accounts.

Which One of the Following Is NOT One of the Five