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REVENUE CYCLE

ACCOUNTS & CLASSES OF


TRANSACTION
Sales Cash in Bank
Cash
sales
Accounts Receivable Cash Discounts
Sales on Taken
account Beginning Cash receipts
balance

Sales on Sales returns Sales Returns


account and allowances and Allowances

Ending Write-off of
balance uncollectible Bad Debt
accounts Expense
RELATED DOCUMENT AND
RECORDS
SALES
TRANSACTION

BAD DEBT
CASH RECEIPTS
EXPENSE
TRANSACTION
TRANSACTION

CLASSES OF
TRANSACTION IN
REVENUE CYCLE

WRITE-OFF OF
SALES RETURN &
UNCOLLECTIBLE
ALLOWANCES
ACCOUNTS
TRANSACTION
TRANSACTION
SALES

Billing
customers &
recording

Sales
Sales journal
Sales invoice transaction
or listing
file

Accounts Accounts
Monthly
receivable receivable
statements
master file trial balance
CASH RECEIPTS

Cash Cash
Prelisting
Remittance receipts receipts
of cash
advance transaction journal or
receipts
file listing
SALES RETURNS & ALLOWANCES

Credit
Memo Sales returns
& allowance
WRITE-OFF OF
UNCOLLECTIBLE ACCOUNTS

Uncollectible account authorization from


general journal
BAD DEBT EXPENSE

General journal
INTERNAL CONTROL
Adequate Separation of Duties Proper
.

Proper Authorization

Adequate Documents and Records

Prenumbered Document

Monthly Statement