The two broad branches into which accounting is divided are:

Question

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Accounting can be broadly divided into two branches - management accounting and financial accounting. Management accounting is concerned with providing information to internal users such as management for decision-making purposes, while financial accounting is concerned with providing information to external users such as investors and creditors for evaluating the financial performance of the company. The other options (A, C, and D) are categorizations that do not accurately reflect the two broad branches of accounting.

The Two Broad Branches into Which Accounting Is Divided Are