Which are the two major fields of accounting?
A) financial and managerial
B) primary and secondary
C) industrial and consumer
D) public and private

Question

Quizplus · Accepted Answer

The two major fields of accounting are financial accounting and managerial accounting. Financial accounting involves the preparation of financial statements for external users, such as investors and creditors, while managerial accounting involves providing financial information for internal users, such as managers and employees. Options B, C, and D do not accurately describe the major fields of accounting.

Which Are the Two Major Fields of Accounting