Within a hotel, the verification of the accuracy of transactions is called_______.

Question

Quizplus · Accepted Answer

Auditing is the process of verifying the accuracy and completeness of financial transactions within a business or organization. In the context of a hotel, auditing would involve reviewing records and transactions to ensure that they are accurate and free from errors or discrepancies. This helps to maintain the integrity of financial data and ensure that the hotel's financial statements are reliable and accurate. Accounting, bookkeeping, and posting are all related to the recording and management of financial transactions, but they do not necessarily involve the verification or auditing of those transactions.

Within a Hotel, the Verification of the Accuracy of Transactions