By Providing Training on the Responsible Service of Alcoholic Beverages

question 13

Multiple Choice

By providing training on the responsible service of alcoholic beverages to servers and bartenders a business owner will

• A) reduce bar profits due to less drinks served
• B) potentially lower liability insurance rates
• C) limit wine sales to half bottles only
• D) serve the appropriate number of shooters to customers

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Definitions:

Notes Receivable

Claims against others for money, goods, or services evidenced by written promises to pay.

Bank Reconciliation

Bank reconciliation is a process of comparing a company's financial records with its bank statements to ensure consistency and accuracy.

Outstanding Checks

Checks that have been written and recorded in the cash account but have not yet cleared the bank.

Notes Receivable

A written promise to pay a specific sum of money, with interest, to the holder of the note at a future date.