Questions that are partially false should be marked false (F). 1. An acute shortage of night auditors has come about since the industry’s trade association, the AH&LA, has required auditors to have...

Questions that are partially false should be marked false (F).

1. An acute shortage of night auditors has come about since the industry’s trade association, the AH&LA, has required auditors to have the equivalent (but not the actual qualifications) of a CPA.

2. The night audit reconciles the cash sales made by each department with the actual cash turned in by departmental cashiers.

 3. The closing balance of one day’s inventory is the opening balance of the following day with only a few, rare exceptions.

4. A hotel’s closeout hour depends upon its location; different municipalities mandate different closing times.

5. Across the lodging industry, the transcript has replaced the room count sheet as the major format for completing the night audit.