ABSTRACT
These characteristics signify that hotel managers need to have a sound
appreciation of internal control system design.
HarbourView Hotel
Bank Reconciliation
as at 31 December 20X1
$
Balance as per bank statement Cr 34,290
Add Outstanding deposits 1,240
35,530
Less Unpresented cheques 2,170
Balance as per cash at bank account Dr 33,360a
HarbourView’s double entry accounting system bank account record
Cash at bank balance – 31 December 20X1 Dr 33,376
Less: Bank fees 32
33,344
Add: Bank account interest received 16
Adjusted cash at bank balance – 31 December 20X1 Dr 33,360
The range of cost classifications arise due to the wide diversity of manage-
ment decision-making and control situations that can arise. In the text of
can
the following:
a. Outlay vs. opportunity costs
b. Direct vs. indirect costs
c. Variable vs. fixed costs
d. Controllable vs. non-controllable costs
e. Incremental vs. sunk costs.
