The National Council on Aging Publishes a Directory Of

question 38

Multiple Choice

The National Council on Aging publishes a directory of:

• A) retirement planners.
• B) special housing for the elderly.
• C) health care providers.
• D) support groups for widows.

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Definitions:

Vouchers Payable

An accounting term that represents the obligation of a business to pay for goods or services that have been received, but not yet paid for.

Purchases Discount

A contra-cost account in the general ledger that records discounts offered by vendors of merchandise for prompt payment of purchases by buyers.

Merchandise

Goods brought into a store for resale to customers.

Purchase Discounts

Reductions in price given by a supplier to a buyer for early payment within a specified period.