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- 1. Multiple Choice
It records financial dues not paid or partially paid by the guests at the time of checkout.
Guest Account
City Account
Management Account
- 2. Multiple Choice
It is a type of folio assigned to charge groups or organizations.
Employee folio
Guest folio
Non-guest folio
Master folio
- 3. Multiple Choice
These are detailed documentary pieces of evidence for a transaction to notify the front office about guest purchases or availing of any service at the hotel.
Vouchers
Ledgers
Visitor Paid Outs
Traveler's Cheques
- 4. Multiple Choice
It is a set of guest accounts currently residing in the hotel.
City Ledger
Main Ledger
Guest Ledger
Receivables Ledger
- 5. Multiple Choice
This stage in the accounting cycle conducts the verification of postings through night audit.
Maintaining the guest account
Opening a guest account
Settling and closing the guest account
- 6. Multiple Choice
True or False: The duplicate sheet of a paying-in slip remains in the book intended for the hotel’s financial control processes.
True
False
- 7. Multiple Choice
True or False: In a guest ledger, the payments already obtained are recorded in the Transfer to Ledger column.
True
False
- 8. Multiple Choice
It refers to the money received from the various operations of the hotel that is paid into the hotel’s bank account.
Takings
Sales
Profit
Revenue
- 9. Multiple Choice
It refers to the small stocks of cash used to give change when guests pay their bills, to offer currency exchange, and to allow for Visitor Paid Outs.
Cash Fund
Cash Float
Voucher
Traveler's Cheque
- 10. Multiple Choice
It is a systematic process in which a designated front office staff identifies, records, measures, classifies, verifies, summarizes, interprets, organizes, and communicates financial information for a hotel business.
Front office accounting
Hotel accounting
Guest accounting
Managerial accounting
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