COURSE : ENGLISH IV

CODE : IN304

CYCLE : VI

PROFESSOR : MG. GRACIELA BRITTO GUTIÉRREZ

SUBJECT : RECORDS
RECORDS
THE
ACCOUNTING
DEPARTMENT
 the chief accountant
supervises the controlling and
auditing of the records.

general cashier Bookkeeper

uses general ledgers
keeps the cash
to prepare daily,
records and makes up
weekly and monthly
the bank deposits
statements.

The auditor The credit

manager
checks and
balances the books inspects and
and makes up supervises
complete guests´credit,
statements collects all
periodically verifies accounts and
the accounts, handles
records and complaints.
financial statements
 The balance sheet of
a hotel

It is a statement of assets on
one side and liabilities on the
other.
The assets include current
assets (cash, marketable
securities, receivables,
inventories) and fixed assets
(land, buildings, leaseholds,
furnishings and equipment).
The liabilities include current
liabilities (notes payable,
accounts payable, current
maturities of long term debt)
and long term liabilities
(mortgages, etc.)
 Comparing profits for two operations (A & B)
From the following chart, one may conclude that selling food is
more profitable than selling liquor.

A B A B
Sales food $40,000 $60,000 Gross margin $64,000 $66,000
liquor $60,000 $40,000 Wages $20,000 $20,000
Total $100,000 $100,000
$44,000 $46,000
Costs food $12,000 $18,000 Net margin
$24,000 $16,000 $20,000 $20,000
liquor Overheads
Total $36,000 $34,000
Balance $24,000 $26,000

Sales ventas costs costos wages salarios

Gross margin margen bruto net margin margen neto
Overheads gastos indirectos balance saldo