Which one of the following is an unlikely way that a Guest can make payment for their bill?ACashBPersonal belongingsCCardDVoucher

A certain reservationist receives a call and makes a reservation for one room night for a future hotel guest. The traveler uses a credit card to guarantee the reservation, but no amount is charged to the traveler’s account. From an accounting standpoint, a sale ___________ and the event ____________. Group of answer choiceshas not been made; should not be recordedhas been made; should not be recordedhas not been made; should be recordedhas been made; should be recorded

The liability arising from the purchase of goods or services on credit is called:CreditorsAccounts payableLoanAccounts receivable

In relation to a bank bill, endorsement means:Group of answer choicesthat the acceptor and endorser make an agreement as to who is liable for the repayment of the face value to the final holder of the bill.if the acceptor cannot repay the face value to the holder at maturity, it must draw a bill to meet its obligations.the endorser has a contingent liability when the bill matures.the drawer agrees to pay an additional fee to the acceptor for guaranteeing the repayment.

For a liability to exist, the payee must be identified.Group of answer choicesTrueFalse

In accounting for the exchange bill, when the drawer draws a bill and drawee accepts it, drawee returns the bill to the drawer after accepting. Now, the drawer is the holder of the bill and he can use this bill in the following different ways except:a.By endorsing the billb.By sending the bill to the payeec.By discounting the billd.By holding the bill till the due date