Question

2 What do
you understand
by financial
accounting explain types of accounting​

Answer 1

Answer:

Explanation:

There are two types of financial accounting: cash and accrual accounting. Both methods use double-entry accounting to accurately record financial transactions. While very small businesses frequently use cash accounting, all larger businesses as well as publicly traded businesses are required to use accrual accounting.

Answer 2

Explanation:

Financial counting is a specific branch of accounting involving a process of recording, summarising and reporting the mirrored of transactions resulting from business operations over a period of time.

Types of accounting -

1.financial accounting .

2.public accounting.

3.government accounting .

4.forensic accounting.

5.management accounting

6.tax accounting.

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