Income ratio� is the basis for dividing both net income and net�loss in a partnership.

Income statement is a�report on the profitability of operations; including revenues earned and expenses incurred in generating the revenues for ...

Income summary is an account that receives the sums of all sales revenue and expense accounts when they are closed ...

Incremental budgeting�is�a method of budgeting whereby an increase; generally on a percentage basis;is automatically applied to last years budget.�

An operation owned by an owner or owners with one or more properties having no chain relationship. Menus; food purchase ...

A hotel with no chain or franchise affiliation. It may be owned by an individual proprietor or a group of ...

Independent variable is an item that is not affected by what happens to another item. For example; guest room sales ...

Indirect cost or expense is a cost not allocated directly to an operating department.

Indirect method means determining net cash flows from operations by starting with accrual net income and adjusting it for changes ...

The hotels organisational process to familiarise a new recruit to the organisation and workplace.