Type of accounting which reports to external parties of organization is known as
A. cost accounting
B. decision accounting
C. financial accounting
D. management accounting
Answer: Option C
Solution (By Examveda Team)
Type of accounting which reports to external parties of organization is known as financial accounting. Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.This Question Belongs to Management >> Management Accounting
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