FO ACCOUNTING Q#4

Statement of all transactions affecting the balance of a single account.

• Account

• Folio

• Ledger

• Voucher

Any financial data that are accumulated and summarized.

• Account

• Folio

• Ledger

• Voucher

It is used for grouping of accounts.

• Account

• Folio

• Ledger

• Voucher

Document detailing a transaction to be posted to a single account

• Account

• Folio

• Ledger

• Voucher

Collection of non-guest accounts

• Account

• City Ledger

• Folio

• Voucher

a sub-ledger in which is recorded all credit sales and all payments made against invoices made by a business.

• Accounts receivable ledger

• Accounts Payable ledger

When a company purchases goods on credit that needs to be paid back in a short period of time, it is known as

• Accounts receivable ledger

• Accounts Payable ledger

It includes only the amounts due from resident guests- those occupying a room in the hotel and availing facilities on credit till check out.

• City ledger

• Guest ledger

It includes all other amounts due, as from credit card companies, contracted companies, travel agents, skippers, DNCO, etc. here when a guest checks out on his credit card or company account, he does not pay his bill in full.

• City ledger

• Guest ledger

It is an essential process designed to monitor and chart the financial transactions of guests and non-guests at the hotel during each stage of the guest cycle.

• Accountant

• Accounting

• Front office accounting system