Which of the following is not an account affected by the sales and collection cycle?
A) Sales returns and allowances.
B) Cash receipts.
C) Allowance for uncollectible accounts.
D) Gross margin.

Question

Quizplus · Accepted Answer

Gross margin is not an account but a financial metric calculated as sales minus the cost of goods sold. It is not directly affected by the sales and collection cycle, which involves transactions related to sales, cash receipts, and customer account management.

Which of the Following Is Not an Account Affected by the Sales