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Types of Accounting


Types of Accounting

Managerial Accounting is used by firms for decision-making about the operation and non-operation transaction of firm itself.

Financial Accounting is an accounting standard that need standard procedure to implement and execute that’s in line with GAAP (Generally Accepted Accounting Principles).

Need to clarify more, please post your queries and comments to get answers...
Source: Rewritten from excerpts of references

Tnx for reading
KSM
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