UK Accounting Glossary
A monetary pool in which tips / gratuities are collected and later shared out between all staff, e.g. in a restaurant.
A monetary pool in which tips / gratuities are collected and later shared out between all staff, e.g. in a restaurant.
The person who shares out the tips is called a ‘troncmaster’.
‘tronc’, from the French ‘tronc des pauvres’, poor box