Hospitality
Meeting Room Rental Revenue
Recording the pure rental fee for a conference hall or ballroom.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| City Ledger (Accounts Receivable) | Asset (+) | 1,000.00 | - |
| MICE Revenue: Room Rental | Revenue (+) | - | 1,000.00 |
💡 Accountant's Note
Unlike F&B, room rental has almost zero cost of goods sold. It is classified under 'Other Operated Departments' or a sub-category of Events in USALI.
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