Question

how many types of modern approach in accountancy​

Answer 1

Answer:

Modern approach. According to modern approach, the accounts are classified as asset accounts, liability accounts, capital or owner's equity accounts, withdrawal accounts, revenue/income accounts and expense accounts.

Answer 2

1)Asset Accounts

2)Liabilities Accounts

3)Capital Accounts

4)Revenue Accounts

5)Expense Accounts

hope it helps..