All of the Following Are Revenue Models for Online Independent

question 28

Multiple Choice

All of the following are revenue models for online independent travel agents except:

• A)direct marketing revenues
• B)direct revenues from commissions
• C)subscription or membership fees
• D)revenue sharing fees

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Definitions:

Adjusting Entry

An accounting entry made in the books at the end of an accounting period to allocate income and expenditure to the correct period.

General Ledger

A complete record of all financial transactions over the life of a company, used to compile financial statements.

Accounting Cycle

The complete process of collecting, recording, and processing financial transactions of a company, from when the transactions occur, to their representation in the financial statements.