What are the Different Branches of Accounting?

What are the Completely different Branches of Accounting?

The next are the principle branches of accounting:

(a) Monetary accounting:

Monetary Accounting is that department of accounting which includes figuring out, measuring, recording, classifying, summarising the enterprise transactions, i.e. it includes the steps from Figuring out, Recording of transactions to Summarisation, and speaking the monetary knowledge.

(b) Value accounting:

Value Accounting is that department of accounting which is anxious with the method of ascertaining and controlling the price of services or products.

(c) Administration accounting

Administration accounting refers to that department of accounting which is anxious with presenting the accounting info in such a manner that helps the administration in planning and controlling the operations of a enterprise and in choice making.

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