The accounts related to the revenue cycle include all of the following except : a. inventories b.
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Question:
- The accounts related to the revenue cycle include all of the following except:
a. inventories
b. accounts receivable
c. sales return and allowance
d. sales
e. bad debt expense
2.The financial statement assertions that are most relevant to Accounts Receivable are what?
a. existence and presentation & disclosure
b. Valuation and rights & obligations
c. Completeness and occurrence
d. existence and valuation
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