Which of the Following Is the Primary Difference Between Club

question 12

Multiple Choice

Which of the following is the primary difference between club management and hotel management?

• A)Clubs are used more frequently than hotels.
• B)Club members feel more ownership of the property than hotel guests.
• C)Hotels cost more to operate.
• D)Hotels offer more services than clubs.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the issuing account but have not yet been cashed or cleared by the bank.

Checks Outstanding

Checks outstanding refer to checks that have been written and recorded in accounting books but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been received and recorded by a company but have not yet been recorded by the bank.

Outstanding Checks

Checks that have been written and recorded in the check register but have not yet been cashed or cleared by the bank.