Hospitality
Guaranteed No-Show Revenue
Recognizing revenue for a pre-paid room when the guest fails to arrive.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Guest Ledger: Advance Deposits | Liability (-) | 150.00 | - |
| No-Show Revenue | Revenue (+) | - | 150.00 |
💡 Accountant's Note
This converts the guest's advance deposit into revenue because the cancellation policy allows the hotel to keep the funds.
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