Which Activity Is a Bookkeeping Activity

question 16

Multiple Choice

Which activity is a bookkeeping activity?

• A) Calculate month-to-date ADR
• B) Record the sale of a guest room
• C) Assemble monthly P&L statements
• D) Assess hotel cash flow from investing activities

Calculate and analyze the days' sales uncollected to evaluate company efficiency in receivables management.

Understand and apply the concept of recording transactions using both the gross and net methods.

Identify and explain the principles of internal control systems.

Analyze transactions to prepare accurate bank reconciliations and related journal entries.

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Definitions:

Cutoff Hour

The specific time by which a certain action must be completed, often used in banking and other time-sensitive environments.

Handling Checks

Refers to the process involved in managing and processing checks, including endorsement, presentation for payment, and settlement.

Business Day

A day on which commercial banks are open for business, typically excluding weekends and public holidays.

Deposited

The act of placing money or another form of value into an account or repository.