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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
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 in your initial post.
- Describe what information is captured in the revenue and expense accounts for a restaurant?
- Discuss the difference between cost of goods sold and operating costs in a restaurant business?
- Which 10 accounts would you choose and explain how you would use the information to successfully operate a restaurant business ?
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