Which statement best defines a Folio?

Which statement best defines a Folio?

• A. Statement of all transactions affecting the balance of an account, one for each guest
• B. A device that handles money for the property
• C. A plan to follow in case of an emergency
• D. A method for checking in guests

Answer: (A)

A folio is the running record of a guest’s charges and payments. It documents every transaction that affects the balance for each guest, from room charges to incidentals, and shows the current amount due. This is exactly what the folio is used for in hotel operations: a single, up-to-date ledger for each guest to track all transactions. It isn’t a device that handles money, a plan for emergencies, or a method for checking in guests, which are different concepts.

A folio is the running record of a guest’s charges and payments. It documents every transaction that affects the balance for each guest, from room charges to incidentals, and shows the current amount due. This is exactly what the folio is used for in hotel operations: a single, up-to-date ledger for each guest to track all transactions. It isn’t a device that handles money, a plan for emergencies, or a method for checking in guests, which are different concepts.