Accountancy Online Quiz

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For every firm or organization, it is mandatory and absolutely primary to maintain the financial records for each year. The transactions that occur are accurately represented through accountancy. It not only provides information regarding the net selling and profits but also regarding the available and exhausted resources in a company. It is the source of passing on the financial information to the management. Accountancy provides a clear picture regarding the current assets and liabilities. For further details on the subject matter, go through Accountancy Online Quiz.

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Types of accountancy

1. Financial: There is a basic financial framework in every company. Financial accounting goes in accordance with the same. Depending on the type of company, government policies have also to be taken under consideration. For further details, refer Accountancy Online Quiz.
2. Public: This accounting revolves around cross checking of all the client companies. This is necessary to verify that the financial information provided by the clients are authentic or not. For more knowledge, go through Accountancy Online Quiz.
3. Government: It is a specialized stream of accounting. Here the funds for government activities are handled along with the government collections through taxes and other sources. For further insight into the subject, refer Accountancy Online Quiz.
4. Internal audit: This accounting is required to keep a close check on the workings of a company. This is instrumental in discovering the wastage of resources along with the frauds. Such cases and details are brought into the notice of the management afterwards. For more details, go through Accountancy Online Quiz.
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