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  3. Study Set
    Auditing The Art and Science
  4. Exam
    Exam 12: Audit of the Revenue Cycle
  5. Question
    The Two Primary Classes of Transactions in the Sales and Collection
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The Two Primary Classes of Transactions in the Sales and Collection

Question 14

Question 14

Multiple Choice

The two primary classes of transactions in the sales and collection cycle are


A) sales and sales returns.
B) sales and sales discounts.
C) sales and accounts receivable.
D) sales and cash receipts.

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