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
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
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 23MC: Which of the following accounts would not be reported under revenue on a simple income statement? A....
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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
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