Process internal financial transactions

When guest pays with cash, they are required to _____ and _____

• Pay for their accomodation

• Contact their travel agent

• Leave a security deposit

• Use a voucher

Which one is true about outstanding balance?

• It is the initial charge for a guest

• It is a guaranteed mode of payment

• It is a security deposit

• It is the amount still owed on a loan

How are transactions validated in the financial system?

• By checking the guest's identification

• By linking the item code to a cash register record

• By verifying the guest's signature

• By confirming with the hotel manager

What is the purpose of posting charges to guest accounts?

• To keep track of guest preferences

• To ensure guests have a record of their expenses

• To record financial transactions on a guest's account

• To identify potential billing errors

What two facts are true about cashier's float?

• Location tracker of cashier

• Used to pay the salary of the employees

• The amount of cash put in the register at the start of an individual shift

• It is small amount of cash, broken up into different bills so customers can receive change