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.
Answer:B
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.