Sales Cash sales Sales on account Accounts Receivable Beginning Cash receipts balance Sales on account Ending balance

Sales returns and allowances Write-off of uncollectible accounts

Cash in Bank

Cash Discounts Taken

Sales Returns and Allowances

Bad Debt Expense

SALES TRANSACTION

BAD DEBT EXPENSE TRANSACTION CLASSES OF TRANSACTION IN REVENUE CYCLE

CASH RECEIPTS TRANSACTION

WRITE-OFF OF UNCOLLECTIBLE ACCOUNTS TRANSACTION

SALES RETURN & ALLOWANCES TRANSACTION

Billing customers & recording

Sales invoice

Sales transaction file

Sales journal or listing

Accounts receivable master file

Accounts receivable trial balance

Monthly statements

Remittance advance

Prelisting of cash receipts

Cash receipts transaction file

Cash receipts journal or listing

Credit Memo

Sales returns & allowance

Uncollectible account authorization from general journal

General journal

Adequate Separation of Duties Proper Proper Authorization Adequate Documents and Records Prenumbered Document Monthly Statement