Question: 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?

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.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Can someone please answer this question for me. Thanks Why is the customer interview process important with regard to the Chart of Accounts (COA)?

Why is the customer interview process importantwith regard tothe Chart of Accounts (COA)? Why would you customize a COA to a specific business? How would the COA differ for a service business versus...

Account Account Title Bank Account IN 100000 101000 Alternate Bank Account UA W 110100 Miscellaneous Accounts Receivable (Direct Post) 110200 Interest Receivable 110400 Allowance for Bad Debt 200300...

There are two problems due this week (each worth 35 points) as follows. Problem 1.6 (page 20) In comprehensive paragraphs, answerrequirements a to e. You will have 5 paragraphs total of four to five...

Describe the types of cybercrimes facing organizations and critical infrastructures, explain the motives of cybercriminals, and evaluate the financial Explain both low-tech and high-tech methods...

I need a 10 page paper for my MIS class. Please do not copy and paste as my school is getting stricter on plagiarism. I have attached the assignment and the sample \fData Analytic Thinking 1 Data...

I have attached pictures of the project instructions in excel. Please help. Thank you so much DETAILED ASSIGNMENT REQUIREMENTS The the Chart of Accounts, below, shows the balances in GBI accounts as...

Hi Professor, I have one project for capstone, you just see that and need to compress as much as 40 - 50 papers. No need to discuss detailed. 1. Executive Summary 2. Industry Analysis 3. Detailed...

The discussion will focus on management decision-making and control in two companies, American corporation Amazon.com, Inc. and Chinese company Alibaba Group Holding Limited. Decision-making and...

TB0383 Andrew C. Inkpen General Electric's Corporate Strategy Like the premature obituary of writer Mark Twain, reports of the death of the conglomerate are often exaggerated. Diversified companies,...

Discuss the Malthusian population theory and how technological and social progress allows nations to avoid the population trap. Then state the criticism of this theory. Question Three: The following...

Explain the formation of rainbow in the sky with the help of a diagram. List the three phenomena of light involved. Which colour violet or red appears at top of the rainbow?

1. Criticize the following defi nitions in light of the eight rules for lexical defi nitions: A sculpture is a three-dimensional image made of marble.

The partnership of Nuan Zhang and Jen Phuah needed additional capital to expand into new markets, so the business incorporated as E-Z Services Inc. The articles of incorporation under the Canada...

If the piston rod of the hydraulic cylinder C has a constant upward velocity of 0.5 m/s, calculate the acceleration of point D for the position where is 45. D y A C BO 300 mm 100 mm

Stan Statelys weekly gross earnings for the week ended April 22 were $2,400, and her federal income tax withholding was $407.58. Assuming that the social security rate is 6% and Medicare is 1.5% of...

This paper is written by B.B Zhou, X. Qu and R.P Brent working in Computer Sciences laboratory. The title of this journal is Effective scheduling in a Mixed Parallel and Sequential Computing...

Write mechanisms for reactions (c) and (f) in Problem 48. Data from Problem 48 Give the expected major product of addition of each of the following reagent mixtures to benzene. (a) Cl, + AICI, (b)...

Dr. Ell has been given a budget of $10,000 to organize a conference at her university in 3 months time (13 weeks) via an educational grant. She has a team of 2 research assistants and after some...

10. Find a news article in a daily newspaper, and answer the following questions: (a) Does the information in the article support your views and attitudes or does it conflict with them? (b) Does the...

2. Give an example where information that is emotionally interesting, specific and close in time and space, can be used to capture someones interest.

7. How can an interpreter influence the utterer (sender)?