Hotel Accounting and Financial Management
PART – A (2 ½ Marks)
1) Name the different types of Cash Book used for the business purpose.
2) Write any 5 objectives of Accounting.
3) Journalize the following transactions in the book of Mr. Anil.
a) Sold Goods for cash Rs.400/-
b) Goods sold to Shyam Rs.600/-
c) Goods Purchased in cash Rs.300/-
d) Salary paid Rs.100/-
e) Rent Paid Rs.50/-
4) Write 4 types of Cash books used for the Business.
5) Write the types of finance.
6) Differentiate between Gross Profit & Net Profit.
7) Define Financial Management.
8) Differentiate between Trial Balance & Balance Sheet
9) How to calculate Average Room Rate by Hubbart’s Formula?
10) What are the motives for holding cash?
11) Write the sources of incoming cash
12) Differentiate between Financial Ratios & Accounting Ratios
13) What is the concept of Working Capital?
14) Differentiate between Over Trading & Under Trading.
15) Define the Revenue Expenditure.
16) What are the factors affecting working Capital requirements?
17) Distinguish between Master Budget & Zero Based Budget.
18) List out any 5 names of taxes applicable to Hotel Industry.
19) Mention different types of budgets in hotel industry
20) What are the concepts of GST in hotel industry
PART – B (10 Marks)
21) Discuss in detail Generally Accepted Accounting Principles (GAAP).
22) What are the main objectives of preparing Trial balance and write brief note on
errors disclosed by Trial balance.
23) Explain in detail the role and functions of Finance Manager in a 5-star Hotel.
24) What are the basic concepts of Financial Management? And discuss Financial
Major Decisions.
25) Who is Night Auditor in a Hotel? And explain his duties & responsibilities in detail.
26) From the following detail, Calculate the (i) Current Ratio (ii) Quick Ratio
(iii) Absolute Liquid Ratio
Current Assets: B/R—Rs.70,000, Sundry Debtors – Rs. 90,000/- ,Bank Balance—
Rs.45,000/- , Short Term Loans –Rs.25,000/-, Prepaid Expenses—Rs.5000/-, Stock—
Rs.30,000/-
Current Liability: B/P – Rs.60,000/-, Sundry Creditors—Rs.70,000/-, Bank OD—
Rs. 30,000/-, Outstanding Expenses—Rs.5000/-
27) What do you mean by capital structure? Explain its point of indifference with case
study.
28) Explain the factors affecting Working Capital.
29) Explain in detail tax planning in India and discuss various types of taxes applicable
in Hotel industry.
30) What is Budgeting? Briefly explain its characteristics, objectives, benefits and
limitations
31) Write short notes on
(i) Visitors Tabular ledger and its uses
(ii) GAAP
32) Write short notes on
(i) Hubbarts Formula
(ii) Over Trading & Undertrading.
33) A guest arrives and occupies a room in a hotel on European Plan (EP) for Rs.500/-.
Calculate the amount payable by the guest under the following circumstances—
Date and time of arrival Date and time of departure
th
a) 19 June at 2 PM 20th June at 8 AM
b) 19th June at 8 AM 20th June at 8 AM
c) 19th June at 2 PM 20th June at 2 PM
th
d) 19 June at 8 AM 20th June at 2 PM
Check out time is 12 Noon
Service charge @ 10%
34) Journalize the following transactions
Year 2005 Details Amount
Jan 01 Commence business with cash Rs. 20,000/-
Jan 02 Paid into bank Rs. 5,000/-
Jan 04 Goods purchased in cash Rs.1,000/-
Jan 05 Goods Sold to Mohan Rs. 2,000/-
Jan 06 Goods Purchased from Rakesh Rs. 3,000/-
Jan 08 Goods returned to Rakesh Rs. 500/-
Jan 10 Cash withdrawl for personal use Rs. 200/-
Jan 15 Received from Mohan Rs. 2,000/-
Jan 20 Salary Paid Rs. 500/-
Jan 24 Rent Paid Rs. 400/-
Jan 26 Final payment received from Rakesh Rs. 2,400/-
Jan28 Paid for stationary Rs. 300/-
