The Hotel Requires the Number of Guests Attending a Catering

question 8

Multiple Choice

The hotel requires the number of guests attending a catering function at least seven days in advance.This number is called the

• A)pledge
• B)guarantee
• C)certification
• D)agreement

---

Definitions:

Creditors

Individuals or entities to whom a company owes money or has financial obligations, typically arising from purchase of goods or services on credit.

Accounts Payable

A liability account tracking money owed by a business to suppliers or creditors for goods and services received.

Revenue Account

An account that records sales, services, or other income earned by a business.

Asset Account

Accounts on a balance sheet that represent the resources owned by a company, which are expected to provide future economic benefits.