Match the correct term to the definition Reflects cash flow out of the hotel's resources A...

  

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Match the correct term to the definition Reflects cash flow out of the hotel's resources A payment made at the front desk, if this payment is made anywhere else it is not normally recorded on the guest folio 1. Cash Payment Occurs when one guests wishes to pay for another guest who has already made 2. Charge Purchase a payment 3. Account Correction This can either increase or 4. Account Allowance decrease a folio balance and are used to compensate the guest for poor performance 5. Account Transfer or correct an error after it has come to light 6. Cash Advance A deferred payment transaction. VWhen the guest buys something and has the item cost placed on account A transaction that resolves a posting error > Match the correct term to the definition Reflects cash flow out of the hotel's resources A payment made at the front desk, if this payment is made anywhere else it is not normally recorded on the guest folio 1. Cash Payment Occurs when one guests wishes to pay for another guest who has already made 2. Charge Purchase a payment 3. Account Correction This can either increase or 4. Account Allowance decrease a folio balance and are used to compensate the guest for poor performance 5. Account Transfer or correct an error after it has come to light 6. Cash Advance A deferred payment transaction. VWhen the guest buys something and has the item cost placed on account A transaction that resolves a posting error >

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