Question

Branches of accounting​

Answer 1

Answer:

this is the answer please make use of it

Answer 2

$\huge\mathbb\purple{AnSwEr}$

Branches of Accounting:

Depending on different Accounting users interests vested in a business , accounting is subdivided into three branches:

• financial Accounting:

It primarily deals with the identifying,recording, summarising the transactions and analysing and communicating the financial results to various users of accounting information.

• Cost accounting:

It is primarily deals with estimating the cost of production by ascertaining cost of inputs and accordingly facilitating the pricing policy of the final output of the business.

• Management. Accounting:

It basically caters to the managerial need of accounting information,ie, gathering accounting information for the need of management for designing various policy measures.