Hospitality business toolkit TABLE OF CONTENTS INTRODUCTION 28 LO 1 1 P1 The principles of managing and monitoring financial performance 1 P2 Apply the double entry book-keeping system of debits and credits to record sales and purchases transactions in a general ledger2 P3 Produce a basic trial balance applying the use of the balance off rule to complete the ledger 7 LO 2 1 P4 Stages of HR Life cycle applied to specific hospitality job role and it importance for retaining and developing talent 1 P5 Performance