Master the 12 Branches of Accounting

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Questions and Answers

Which branch of accounting focuses on providing information for decision-making within an organization?

  • Auditing
  • Management Accounting (correct)
  • Governmental Accounting
  • Forensic Accounting

Which branch of accounting involves preparing financial statements for external users?

  • Cost Accounting
  • Financial Accounting (correct)
  • Forensic Accounting
  • Tax Accounting

Which branch of accounting deals with the examination and evaluation of financial statements?

  • Forensic Accounting
  • Auditing (correct)
  • Governmental Accounting
  • Management Accounting

Which branch of accounting focuses on calculating and controlling the cost of producing goods or services?

<p>Cost Accounting (D)</p> Signup and view all the answers

Which branch of accounting involves recording and categorizing transactions for businesses?

<p>Financial Accounting (B)</p> Signup and view all the answers

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