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22: Review Questions
Give four examples of accounting activities in the hospitality industry.
What is the difference between a debit and a credit?
List the five main functions of the accounting department.
Name the two types of software used in the hospitality industry to keep track of financial transactions.
What is the purpose of the Uniform System of Accounts?
How does the accounting department help a business control costs?
List the three basic financial statements.
Who is the person in charge of the accounting department?
List the five departments within accounting.
Describe the tasks of each of the five accounting departments.
What is an audit?
List the responsibilities of a night auditor.
What is the purpose of the credit department?
Name four qualities that workers in the accounting department should have.
Why do the front office and the accounting division need to work together?
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