The Fastest Growing Segment of the Travel Industry Is

question 6

Multiple Choice

The fastest growing segment of the travel industry is

• A) resort hotels
• B) city center hotels
• C) cruise ships
• D) vacation ownership

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Definitions:

Credits

Accounting entries that increase liability or equity accounts, or decrease asset or expense accounts.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of assets, provision of services, or other means.

Debits

Accounting entries that result in an increase in assets or expenses and a decrease in liabilities, equity, or income.

Credits

In accounting, credits are entries that decrease assets or increase liabilities and equity on a company's balance sheet.