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    Auditing and Assurance Services Study Set 2
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    Exam 16: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable
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    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 55

Question 55

Multiple Choice

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


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

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