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    Question

    Which of the following is NOT considered a branch of

    accounting ? 
    A Financial Accounting Correct Answer Incorrect Answer
    B Cost Accounting Correct Answer Incorrect Answer
    C Managerial Accounting Correct Answer Incorrect Answer
    D Legal Accounting Correct Answer Incorrect Answer

    Solution

    Explanation: The main branches of accounting include: • Financial Accounting – Records and reports financial transactions. • Cost Accounting – Analyzes costs to control expenses. • Managerial Accounting – Helps in decision-making for managers.There is no such branch called Legal Accounting.

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