MATCHING Choose the Item in Column 2 That Best Matches

question 23

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
-Vacation ownership

• A)One flat price that covers meals and free access to water attractions and entertainment activities at resorts
• B)An arrangement for hotel companies to operate properties at a fee but not to have capital investment in the properties
• C)The largest vacation ownership company
• D)Destination resorts
• E)A travel-and-use product that is based on point system
• F)Time share of a unit for a block of time
• G)A system where properties can use the same name and design but are operated and owned by different companies

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Definitions:

Debit Side

The left side of a ledger account that records increases in assets and expenses or decreases in liabilities and equity.

Debits

These are entries on the left side of accounting records, used to increase asset or expense accounts or decrease liabilities, equity, or revenue accounts.

Credits

Accounting entries that increase liabilities or equity or decrease an asset or expense.