Business Chapter 8

A summary of an account in terms of its resulting monetary amount; soecifically, the difference between the total debts and total credits to an account

An amount owed to the hotel

A grouping of accounts recievables, including the guest ledger and the city ledger

A voucher used to support an an account allowance

The amount of cash contained in a cashier bank when it is issued at the beginning of a work shift

A voucher used to support cash flow out of the hotel, either directly to, or on behalf of, a guest

An amount of money given to a cashier at the start of a work shift so that he or she can handle the various transactions that occur. The cashier is responsible for this cash bank and for all cash, checks, and other negotiable items recieved during the week

A voucher used to support a cash payment transaction at the front desk

A voucher used to support a charge purchase transaction that takes place somewhere other than the front desk; also referred to as an account recievable voucher

The collection of all non-guest accounts, including house accounts and unsettled departed guest accounts

A voucher used to support the correction of a posting error that is rectified before the close of buisness on the day the error was made

An entry on the right side of an account

An entry on the left side of an account

A situation that occurs when a cashier pays out more than he or she recieves; the difference is due back to the cashier's cash bank. In the front office, due backs usually occur when a cashier accepts so many checks and large bills during a shift that he or she cannot restore the initial bank at the end of the shift without using the checks or large bills

A folio used to chart transactions on an account assigned to an employee with charge purchase privelages at the hotel