Question

5.     Financial Accounting, Management Accounting and Cost Accounting are_________of Accounting.
(a)              Branches
(b)              Sources
(c)              Principles
(d)              Policies​

Answer 1

(a)              Branches

Cost accounting involves the preparation of a broad range of reports that management needs to run a business. ... Financial accounting involves the preparation of a standard set of reports for an outside audience. Purpose: The readers may include investors, creditors, credit rating agencies, and regulatory agencies.