Are you conversant with hotel accounting procedures? The hotel industry rakes in millions a year, and this means that they need to keep proper books of accounting if they are to pay the right amount of taxes. As an accountant, take this trivia and refresh your understanding of these books of accounts and how to ensure they are correct.
Single
Double
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False
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Ledger
Profit
Trading
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Asset
Credit
Capital
Debit
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True
False
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Day
Sales
Trading
Petty
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Trade discounts
Debit discounts
Cash discounts
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False
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True
False
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False
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Measures of profitability
Measures which affect profitability
Measures which affect liquidity
Measurements of liquidity
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False
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