Guests are accounts receivable to hotels; hotels are accounts receivable to the government for taxes it collects on room sales.

Name: Guests are accounts receivable to hotels; hotels are accounts receivable to the government for taxes it collects on room sales.
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Question

Quizplus · Accepted Answer

Guests owe money to hotels for their stay, making them accounts receivable for hotels. Similarly, hotels owe taxes to the government on room sales, making them accounts receivable for the government.

Guests Are Accounts Receivable to Hotels; Hotels Are Accounts Receivable