Accounting is subject that can defined as the study of numerous financial and transaction communication. It is an art that associate with document, classify, outline and examine in an organized manner. Usually, to tackle all the accounting process in a company is not a single handed work, so they hire an accountant to analyze and record all financial aspects of company.
Accounting is such a subject that can always counted as a difficult, hard and complicated subject. Accounting implies with bookkeeping, classifying and summarizing financial information which can be a tricky work.
Accounting can be broken into three main primary categories, that is –
Financial Accounting
It is deal with the record that is gained by the profit and loss account and final balance sheet of the company.
Cost Accounting
It is deal with the accounting of the cost which influenced by the unit cost of output or any service produce.
Management Accounting
It deal with the maximizing and minimizing the profit and loss of the company. It provide final data so the management people can decide to take decision in favor of company benefits.
Moreover, accounting provide dept knowledge about day to day operation in a company. For a student, it can be very difficult work to learn all the process of accounting. Accounting is most demanding discipline that require high skill and remarkable knowledge. Nowadays, accounting is followed by every field of study like engineering, medical, chemistry etc. So, if you are a student who learns commerce, you must need help at a point.
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