Question

money owed to the hotel for services already performec is called (a)accounts payable(b)accounts receivable(c)unposted transactions(d)unposted revenue​

Answer 1

Answer:

a) accounts receivable

Explanation:

Accounts receivable is money owed to a business by customers for  provision of goods or services on credit. Account receivable or (AR) are common in commercial transactions because few customers pay for products or services on delivery.

Hotels may allow customers to use their services and pay at a later date. Payments that the hotel expects for services offered in the past is the accounts receivables. Regular and loyal customers will be allowed credit services.

Accounts payable is the opposite of accounts receivables.  Account payable are debts of the company. Its represent goods or services consumed but unpaid for. Unposted transaction or revenue is payment received but has not accounted for in books of accounts.