Accounting begins the moment when a person enters in any kind of business activity that involves the transaction of money. In deals with identifying, measuring, recording, and communicating business data and information with the interested users. Accounting involves several aspects such as financials, verification, expense, report, balance sheet, income, revenue, management, information, assets, credit, and records.

Systems of Accounting

  • Single Entry System
  • Double Entry System

Branches of Accounting

  • Financial Accounting
  • Cost Accounting
  • Management Accounting
  • Social Accounting
  • Inflation Accounting

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