1.

The Cash floats work is basically a small stock of ready money to five change when
guests pay their bills, to offer currency exchange facilities, and to allow for visitors pair
outs a transaction in which a cashier advances money to a guest and then charges the
guest account for the amount given.

2.

3. The front office accounting system is responsible for creating and maintaining an
accurate accounting record for each guest or non-guest. Tracking all financial
transactions throughout the guest cycle. Ensuring internal control over cash and non-
cash transactions. Hotel accounting practice is an excellent source and model for
learning "management accounting." Hotel accounting is also a good teaching model
for accounting course because it allows students to examine various department's
operations and construct accounting reports for all departments and then make the
consolidated statement for the hotel.