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Why would you customize a coa to a specific business how

Discussion

Why is the customer interview process important with regard to the Chart of Accounts (COA)? Why would you customize a COA to a specific business? How would the COA differ for a service business versus a retail business that sells products?

Reference:

Villani, K., & Rosa, J. B. (2016). Computerized accounting with QuickBooks 2015. St. Paul, MN: Paradigm Publishing.

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Accounting Basics: Why would you customize a coa to a specific business how

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