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

Question

Quizplus · Accepted Answer

Sales of accounts receivables is not an account affected by the sales and collection cycle as it refers to the actual selling of existing accounts receivables to a third party, which is separate from the process of recording sales and collecting payments from customers. The other options (A, B, and C) are all accounts involved in the sales and collection cycle.

Which of the Following Is Not an Account Affected by the Sales