The accounting profession is divided into 5 key working areas,two of which are:
A)Auditing and managerial accounting.
B)Forecasting and logistical accounting.
C)Inventory control and budgeting.
D)Income accounting and expenditure accounting.

Question

Quizplus · Accepted Answer

Auditing and managerial accounting are two distinct areas of accounting. Auditing involves examining financial records to ensure accuracy and compliance with regulations, while managerial accounting focuses on the financial information that is used by managers within a company to make decisions.

The Accounting Profession Is Divided into 5 Key Working Areas,two