The Increasing Number of Travels by Retired Persons Results from the Following

question 15

Multiple Choice

The increasing number of travels by retired persons results from the following except:

• A) transportation discounts for senior citizens.
• B) the rising life expectancy.
• C) the availability of extension pension plans.
• D) the increasing amount of people living with kids at home.

---

Definitions:

Accounts Payable

A liability account on the balance sheet representing money owed by a company to its creditors or suppliers for purchases made on credit.

Credit Column

The section of an accounting record where increases in liabilities, revenues, and equity accounts are recorded.

Debit Column

The Debit Column is the left-hand side of an account record in double-entry bookkeeping, used to record increases in asset, expense, and loss accounts, and decreases in liability, equity, and revenue accounts.

General Journal

A primary accounting record used to document all financial transactions in chronological order.