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An Effective Customer Billing System, a Panacea for Substance of Growth in the Hospitality Industry

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Description

– An Effective Customer Billing System, a Panacea for Substance of Growth in the Hospitality Industry –

Download An Effective Customer Billing System, a Panacea for Substance of Growth in the Hospitality Industry. Students who are writing their projects can get this material to aid their research work.

Abstract

For any organization to achieve its goals there must be an effective control mechanism. Internal control exists for the purpose of giving an organizational sense of direction and allowing for its growth.

The study, therefore, sought to find out the role auditing (internal audit) functions play in controlling the activities of a corporate organization with special emphasis on Solrag and Destiny Hotel Ltd, Agbara, Ogun State, Nigeria.

To achieve the above objective, primary data was obtained as questionnaires were distributed to the members of staff of the hotel.

It was discovered that the internal audit department plays a major role in controlling the activities of the organization thereby making its control system very effective. Also, it is recommended that internal audit departments should seek to create awareness about its functions and importance to the staff of the organization.

It is also recommended that internal audit departments should carry out a regular review of the internal control systems in the hospitality industry.

Introduction

1.1 Background of the Study

A Customer billing system has a positive on the growth in the hospitality industry system, of interrelated objectives and fundamentals that can lead to consistent standards and that prescribes the nature, function, and limits of financial accounting and financial statements.”

they are to be in accordance with standards issued from times to time by Accounting standard.

Hotel is defined by British law as a place where a bonafide traveler can receive food and shelter, provided he is in a position to pay and is in a fit condition to be received.

Hence, a hotel provides food and beverages, and lodging to travelers on payment. In turn, it has the right to refuse a traveler is drunk, disorderly, unkempt or is not in a position to pay for the services.

The hotel industry is perhaps, one of the oldest commercial endeavors in the world. The first inns date back to the sixth century be and were the products of the urge to travel, spurred by the invention of the wheel.

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