Types of Accounting

Rise school is Best School of Accountancy in Lahore.CA admissions in Lahore now open. The best School of Accountancy in Pakistan offers CA in Lahore and Best CA in Pakistan.

Know what the types of Accounting necessary to carry out a company or organization, the differences between Financial Accounting and Administrative Accounting and where the term Accounting comes from.

Introduction to Accounting Types.-

There are several types of Accounting , all components of the same information system, the most important being Financial Accounting, Tax Accounting and Administrative Accounting. In order to be able to start with a sustained knowledge, we will begin with the provenance of the word Accounting, that is, to reinforce our knowledge of etymology.

Etymology.-

The technical term accounting , comes from the Latin " computare " that means to count, this term includes two meanings that are:

• Narrate: An accounting system must be narrative in terms of the chronological order of operations and / or activities.
• Computing: In accounting all operations or transactions must be valued in terms of monetary units and expressed in quantities.