Which is considered the oldest branch of accounting?
AManagerial Accounting
BFinancial Accounting
CCost Accounting
DAuditing
Answer:
B. Financial Accounting
Read Explanation:
FINANCIAL ACCOUNTING:
Financial Accounting assist keeping a systematic records of financial transactions the preparation and presentation of financial reports in order to measure organisational success and financial soundness.
Oldest branch of accounting.
It involves preparation of financial statement like the Balance sheet, Income statement and Cash flow statement.
