Which of the Following Is NOT One of the Five

question 61

Multiple Choice

Which of the following is NOT one of the five classes of transactions in the sales and collection cycle?

• A) cash receipts
• B) sales on account
• C) depreciation allowance
• D) cash sales

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Definitions:

Powdered

Reduced to a fine or dust-like particle size through grinding or pulverization.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at each price.

Normal Good

A type of good whose demand increases as the income of consumers increase, showing a positive relationship between income and demand.

Complementary Good

A product that is used together with another product, with the consumption of one enhancing the use or value of the other.