Which of the following branches of accounting was first developed?

By: |Published on: Dec 3|Categories: Accounting JAMB| 0 comments

A. Cost accounting
B. Financial acounting
C. Management accounting
D. Petroleum accounting

Correct Answer:

Option B – Financial acounting

Explanation

Financial Accounting is based on a systematic method of recording transactions of any business according to the accounting principles. It is the first and original form of accounting process.

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