Answer / wasim khan

accounting is a wider term and encompasses all accounting
techniques and methods applied in a business system.
accounting can be financial, cost or management accounting.
while financial accounting is a narrow concept pertaining
only to a accounting system dealing with financial
transactions and elements of finance.

Answer / yash

accounting is two types
1.)financial accounting is define the position of our
business. its measure a gp, np, stock turnover ratio and
etc......,

economical accounting is define the cost and expenses of
the co. including interest of capital

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