Answer / Devesh Tripathi

1. Cost Accounting: focus on measuring and controlling costs for decision-making, primarily used within an organization.
2. Financial Accounting: focuses on external reporting of financial information to stakeholders according to generally accepted accounting principles (GAAP).
3. Management Accounting: provides internal financial information to managers for decision-making purposes.
4. Payroll Accounting: deals with the processing and recording of employee wages, taxes, and benefits.
5. Environmental Accounting: measures and discloses an organization's impact on the environment.
6. HR Accounting: focuses on human resources expenses, including salaries, benefits, and payroll taxes.
7. Forensic Accounting: investigates financial irregularities, fraud, or other illegal activities.
8. Inflation Accounting: adjusts financial statements for changes in the general price level due to inflation.

what is journal entry ? please describe in detail.

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