It is a type of folio assigned to charge groups or organizations.

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.

It is a set of guest accounts currently residing in the hotel.

This stage in the accounting cycle conducts the verification of postings through night audit.

True or False: The duplicate sheet of a paying-in slip remains in the book intended for the hotel’s financial control processes.

True or False: In a guest ledger, the payments already obtained are recorded in the Transfer to Ledger column.

It refers to the money received from the various operations of the hotel that is paid into the hotel’s bank account.

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.

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.