Multiple Choice
Which of the following accounts is not normally part of the revenue and collection cycle?
A) Sales.
B) Accounts Receivable.
C) Cash.
D) Purchases Returns and Allowances.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q73: Which of the following is an example
Q74: An auditor confirms a representative number of
Q75: When accounts receivable are confirmed at an
Q76: Scanning sales invoices for missing numbers in
Q77: "Bill and hold" refers to an arrangement
Q79: Which of the following internal control activities
Q80: Custody of inventory is transferred to the
Q81: Favorite Soda Company distributes beverages in the
Q82: Sales are normally recorded on the date
Q83: Vouching debits from a sample selection of