Which of the following revenue related transactions is not linked to the accounts indicated?
A)Recognize revenues too early--accounts receivable and revenue.
B)Understate allowance for doubtful accounts--Bad debt expense, allowance for doubtful accounts.
C)Don't write off uncollectible receivables--sales returns, sales discounts.
D)Don't record discounts given to customers--Cash, sales discounts, accounts receivable.

Question

Quizplus · Accepted Answer

The transaction of not writing off uncollectible receivables is not linked to sales returns or sales discounts. Sales returns and sales discounts are related to transactions where customers return goods or receive discounts on purchases, whereas not writing off uncollectible receivables refers to failing to recognize that a customer cannot or will not pay their debt.

Which of the Following Revenue Related Transactions Is Not Linked