Experts in P&L

What is a budget?

• A type of savings account

• A way to invest for retirement

• A fund for emergencies

• A financial plan that defines expenses for a period of time.

Purpose of Preparing P&L Accounts?

• To submit to SGM for his safekeeping

• To capture all revenue and expenses of the hotel operations

• To evaluate each department's performance in terms of expenses

• To evaluate which department is not managed well

DRR stand for ?

• Daily Reliable Report

• Daily Receipt Report

• Daily Revenue Report

• Daily Returns Report

What is the formula to get Gross Profit / Loss ?

• Revenue - Expenses

• Revenue - Expenses + Other Income

• Revenue - Cost of Goods Sold

• Revenue - Net Profit

How to calculate Net Profit?

• Revenue + Other Income - Utilities

• Gross Profit - Expenses + Other Income

• Expenses + Other Income

• Revenue - Cost of Goods Sold

RMN - Digital Billboard Advertisement comes under which cost center?

• Marcom Department

• Sales Department

• F&B Department

• RMN Outlet

Staff Name Tag with Logo comes under which cost center?

• A&G Department

• HR Department

• All Department (depends on staff)

• Marcom Department

Shower head for Guestroom comes under which cost center?

• Housekeeping Department

• Front Office Department

• Engineering Department

• Sales Department

Dental Claim - Sharwin, comes under which cost center?

• HR Department

• Finance Department

• Engineering Department

• Medical Department

Typhoid Injection comes under which cost center?

• F&B Department

• Kitchen Department

• Finance Department

• All Department (depends on the staff)