You're opening a restaurant and want to be able to analyze operations on a monthly basis. You
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Question:
You're opening a restaurant and want to be able to analyze operations on a monthly basis. You can only add 10 accounts for your revenue and expense accounts into your general ledger.
Address the below questions
- 1) Describe what information is captured in the revenue and expense accounts for a restaurant?
- 2) Discuss the difference between cost of goods sold and operating costs in a restaurant business?
- 3) Which 10 accounts would you choose and explain how you would use the information to successfully operate a restaurant business ?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: