The job of the accounting department is to monitor costs of items purchased by the business
What is control costs
100
The department takes care of all the money that is owed to a business
What is Accounts Receivable
100
The two computersystems used in the accounting industry
What is Property Management System and Point of Sales System
100
The money that is owed or taken out of a business
What is debit
100
Where do you copy transactions into?
What is a ledger
200
The two feilds involved in Making deposits and payments
What is accounts payable and accounts recievable
200
A Careful examination of the financial records of a person or business, and who preforms this?
What is audit, auditor/night audit
200
Lodging industry computer system
What is Property Management System
200
Money or payment that has been received
What is credit
200
The manager of an accounting department
What is the controller
300
The three basic financial statements
What is Balance sheet, Income statement, and Cash flow statement
300
Takes care of money that a business owes to other businesses
What is Accounts Payable
300
Food and beverage industry computer system
What is Point of Sales System
300
Example of credit
What is Income
300
The money paid to the employees
What is payroll
400
The three types to categorize transactions
What is Uniform System of Accounts for hotels, Uniform System of Accounts for restaurants,and Uniform System of Accounts and Expense Dictionary for small hotels, motels, and motor hotels
400
The goal is to protect the business from loss due to customers or businesses with bad credit
What is credit department
400
A place where goods or services are sold or money is collected
What is point of sale
400
Example of debit
What is taxes
400
GAAP
What is Generally Accepted Accounting Principles
500
The four types transactions
What is guest purcahses, busniess purchases, payroll, and taxes
500
In charge of keeping all financial records for hotel restaurants and banquet operations and reports to the financial controller
What is Food and Beverage Controller
500
The place where the PMS and POS send the customer tranactions
What is general accounts
500
Basis of accounting
What is credits and debits
500
Five functions of the accounting department
What is Keep track of all transactions, Make payments and deposits, Categorize transactions, Control Costs, and Prepare financial reports and statements