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 ?