Accounting Information Flows Through the Various Accounts in the Sales

question 69

Multiple Choice

Accounting information flows through the various accounts in the sales and collection cycle in which order?
1) sales (cash and sales on account) 2. cash receipts
3) providing for doubtful debts
4) sales returns and allowances
5) write-off of uncollectible accounts

• A) 1, 3, 2, 4, 5
• B) 1, 2, 3, 4, 5
• C) 1, 2, 3, 5, 4
• D) 1, 2, 4, 5, 3

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, pioneered by B.F. Skinner.

Contingency Management

A therapeutic intervention that uses reward and punishment to encourage desirable behaviors and discourage unwanted ones.

Aversion Therapy

A form of behavior therapy that involves reducing or eliminating undesirable behaviors by associating them with discomfort or an unpleasant stimulus.

Complete Abstinence

is the practice of refraining from the use of alcohol or drugs entirely, often as a strategy in the treatment of substance use disorders.