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. Rather, they aim to minimize bad debt expense by implementing effective credit policies and procedures.

Which of the Following Statements Is INCORRECT