In Which of the Following Circumstances Would a Hotelkeeper Be

question 40

Multiple Choice

In which of the following circumstances would a hotelkeeper be liable for lost or damaged property?

• A)The hotel owner fails to advise guests to put their valuables in the hotel vault.
• B)An act of a governmental authority damaged the goods.
• C)An act by a member of the guest's party damaged the goods.
• D)The nature of the goods caused them to be damaged.

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Definitions:

Cash Receipts Journal

A ledger where all cash inflows or receipts are recorded, usually including sales, loan proceeds, and interest income.

Cash Payments Journal

An accounting ledger that records all cash outflows or payments made by a business.

Free On Board

Free On Board (FOB) is a term used in international trade that indicates whether the seller or the buyer is liable for goods that are damaged or destroyed during shipping.

Journalize

Journalize is the act of recording business transactions in the accounting journals as part of the double-entry bookkeeping system, detailing debits and credits.