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Explain for your new business associates

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Reference no: EM133150103

Explain for your new business associates how you would do the accounting for this type of business.

Using proper terminology and accounting concepts, give a general explanation of the different types of costs involved and make up some sample transactions to record what you see on the tv show. You can assume the costs amounts and identify anything else you are assuming in order to record the transaction.

What other transactions and costs need to be recorded that you do not directly see on the tv show.

Reference no: EM133150103

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