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- The three main branches of accounting are123:
- Financial accounting: involves the recording of transactions, preparation of trial balance and final accounts.
- Cost accounting: deals with costs, i.e. the unit costs of the goods produced and services provided.
- Management accounting: provides information to management for decision-making purposes.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are three main branches of accounting which include financial accounting, cost accounting and management accounting.efinancemanagement.com/financial-accounting/bra…Branches of accounting: Financial accounting Management accounting Cost accounting Auditing Taxation Accounting Information Systems Fiduciary Accountingwww.accountingverse.com/accounting-basics/type…Branches of Accounting
- Financial Accounting: It is that branch of accounting, which involves the recording of the transactions, inclined towards the preparation of trial balance and final accounts.
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