Which one of the following is NOT typically included in the sales and collection cycle?
A) sales returns and allowances
B) allowance for doubtful debts
C) cash credits from the cash payments journal
D) bad debt expense

Question

Quizplus · Accepted Answer

The sales and collection cycle typically includes transactions related to sales, sales returns and allowances, allowances for doubtful debts, and bad debt expense. Cash credits from the cash payments journal are not typically included in this cycle, as they relate more to the cash disbursements or payment cycle.

Which One of the Following Is NOT Typically Included in the Sales