The Uniform System of Accounts

The Uniform System of Accounts:

A) represents an "off the shelf" accounting system that can be adopted by any business in the hotel industry.
B) is a system that can be viewed as "state of the art" as it benefits from the accumulated experience of the parties that have contributed to the system's development over many years.
C) promotes consistent account classification schemes as well as consistent presentation of performance reports and therefore facilitates comparison across hotels.
D) represents a common point of reference for hotels within the same hotel group.
E) All of the above are true.