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  3. Study Set
    Auditing Assurance Services Study Set 1
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    Exam 12: Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions
  5. Question
    There Are Five Classes of Transactions in the Sales and Collection
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There Are Five Classes of Transactions in the Sales and Collection

Question 52

Question 52

Multiple Choice

There are five classes of transactions in the sales and collection cycle. Which is NOT one of them?


A) Cash receipts
B) Sales on account
C) Depreciation allowance
D) Cash sales

Correct Answer:

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