Which of the Following Would NOT Be in the Overhead

question 73

Multiple Choice

Which of the following would NOT be in the overhead budget of a hotel?

• A) Depreciation
• B) Utilities
• C) TV and telephone
• D) Manager's salary

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Definitions:

Notes Payable

Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender by a certain date.

Issuance

The process of distributing new or existing securities for sale to investors.

Journal Entry

A record in accounting that notes the details of a financial transaction in terms of debits and credits to the accounts.

Discount on Bonds Payable

The difference between the face value of a bond and its selling price when the bond is sold for less than its face value.