Which of the Following Is Not One of the Five

question 91

Multiple Choice

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

• A)Sales returns and allowances
• B)Write-off of uncollectible accounts
• C)Bad debt expense
• D)Interest Income

---

Definitions:

Administrative Tribunal

A specialized government body that adjudicates disputes, typically in administrative and regulatory matters, operating outside the formal court system.

Civil Servants

Employees of government departments or agencies, typically excluding military or elected officials, responsible for implementing government policies.

Provincial Legislature

A provincial legislature is a law-making body at the provincial level in federal systems, responsible for creating laws applicable within that province.

Government Regulation

The establishment and enforcement of rules, standards, and laws by governmental bodies to control or manage activities within its jurisdiction for the protection and benefit of the public.