The key revenue accounts that are usually included in the cycle can help know more about business’ income moves through the company's accounting system. These are:
-Cash
-Sales
-Accounts Receivable
-A/R Subsidiary Ledger
-Financial Receivable
-Allowances for Doubtful Accounts
-Bad Debt Expense
-Sales Discounts
-Sales Returns and Allowances
-Leases
-Warranty Expense
-Warranty Liability
-Sales Commission Expense
Accounts that Involve Critical Accounting Estimates:
-Warranty and Additional Service Actions
-Automotive Sector
-Financial Service Sector
-Operating Leases-
Allowance for Credit Losses
-Allowance for Doubtful Accounts
-Bad Debt Expense
-Lease