Which of the following statements is incorrect? A)Companies sell on account to increase total sales. B)Companies sell on account to remain competitive. C)Companies sell on account to generate additional forms of revenue. D)Companies sell on account to increase bad debt expense.

Question

Quizplus · Accepted Answer

Companies do not sell on account to increase bad debt expense. In fact, selling on account increases the risk of bad debt expense, which is why companies often have measures in place to manage and minimize bad debt.

Which of the Following Statements Is incorrect