Which accounts are involved in the sales class of transactions?
A) accounts receivable and sales returns and allowances
B) cash and allowance for uncollectible accounts
C) sales allowances and accounts receivable
D) accounts receivable and sales

Question

Quizplus · Accepted Answer

The sales class of transactions involves the accounts receivable and sales. Therefore, option D is the correct answer. Option A and C include the accounts receivable and sales returns and allowances or sales allowances, but they do not cover all accounts involved in the sales class of transactions. Option B includes cash and allowance for uncollectible accounts, which are not directly related to sales.

Which Accounts Are Involved in the Sales Class of Transactions