ACC 403 FINAL EXAM PART 2
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ACC 403 FINAL EXAM PART 2 1
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Question 1
The document that the accounting staff will use as the primary basis for recording sales transactions and updating the customer’s accounts receivable subsidiary ledger is the:
Answer
sales order.
bill of lading.
sales journal.
sales invoice.
Question 2
Which of the following is not one of the five classes of transactions included in the sales and collection cycle?
Answer
Sales returns and allowances
Write-off of uncollectible accounts
Bad debt expense
Interest Income
Question 3
The ...
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ACC 403 FINAL EXAM PART 2•ACC 403 FINAL EXAM PART 2
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Question 1
The document that the accounting staff will use as the primary basis for recording sales transactions and updating the customer’s accounts receivable subsidiary ledger is the:
Answer
sales order.
bill of lading.
sales journal.
sales invoice.
Question 2
Which of the following is not one of the five classes of transactions included in the sales and collection cycle?
Answer
Sales returns and allowances
Write-off of uncollectible accounts
Bad debt expense
Interest Income
Question 3
The ...