Accountancy, asked by tarangleo4523, 1 year ago

Is there any difference between acvounting and financial acvounting?

Answers

Answered by aiman69
0
Accounting meaning -
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the.
Financial accounting meaning -
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available for public consumption. (there is huge difference between accounting and financial accounting)

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Answered by Anonymous
2

hello dear friend hope it help you xd

hey mate your ans refer to attachment

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