Which of the following is not one of the five classes of transactions included in the sales and collection cycle?
A. sales returns and allowances
B. write-off of uncollectible accounts
C. bad debt expense
D. interest income
Answer:D
Which of the following is not one of the five classes of transactions included in the sales and collection cycle?
A. sales returns and allowances B. write-off of uncollectible accounts C. bad debt expense D. interest income