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Yes they can
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Generally the answer to this question is no, a chart of accounts does not have to be set up for every financial cycle, usually the chart of accounts is set up in the beginning of the business, when the business is first created, it is updated periodically too allow for new accounts to be added to the chart, but it is not set up each cycle from scratch.
The purpose of the chart of accounts is so that the correct account is used within the accounting system of a business. Certain businesses may have different names for cash, capital, and other accounts.
chart of account is a chart
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The chart of accounts for the retail establishment includes Cash and Sales.
Property Tax goes in the Expense section of the Chart of Accounts
the numbering and layout of a Chart of Accounts?
its important