Which of the following is an account that is not affected by the sales and collection cycle?
A)Cash
B)Accounts receivable
C)Allowance for doubtful accounts
D)Accounts payable

Question

Quizplus · Accepted Answer

Accounts payable is not a part of the sales and collection cycle as it deals with the payment for goods or services received by the company and not the sale of goods or services to customers. The other options, cash, accounts receivable, and allowance for doubtful accounts, are all related to the sales and collection cycle.

Which of the Following Is an Account That Is Not