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Management Accounting for Hotels and Restaurants

The book gives practical instruction and guidance in the use of accounting for effective control and higher profit in hotel and catering operations. The author covers all aspects of the subject, setting arguments and examples in a real context.

In order to ensure that we show the correct profit for each accounting period it is
essential to match revenue and expenses over time. This in accounting
terminology is referred to as accrual accounting. On the revenue side, itis
immaterial when ...