Branches of accounting mean that the types associate with accounting, we say that fields of accounting are the branches of accounting. Some of the main branches of accounting are explained as under. Main Branches of Accounting 1.Financial Accounting: This accounting field concerns with general accounting system.It is engaged in recording the business transaction in books and preparation of periodical […]
Difference between Bookkeeping and Accounting
Difference between Bookkeeping and Accounting Most of the people are confused that bookkeeping and Accounting are the alternative terms. These are related terms but not alternative at all. The “Book” means the “books of Accounts” and “keeping” means maintaining them in proper form and order. Hence the book-keeping is mainly concerned with the recording […]
What is Financial Accounting
What is Financial Accounting? Financial Accounting is very common now-a-day, but people did not know actually what financial accounting is, below we try to explain ” what is a financial accounting ” in clear and easy way. Financial Accounting: Financial accounting is the art or science of recording, classifying and summarizing the business transaction in […]
