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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
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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