There Are Five Key Working Areas in Accounting: Financial Accounting

question 358

True/False

There are five key working areas in accounting: financial accounting, managerial accounting, auditing, tax accounting, and governmental and not-for-profit accounting.

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Definitions:

Depreciates

To decrease in value over time, typically used in reference to assets or property.

Bicycle

A human-powered, pedal-driven vehicle with two wheels attached to a frame, one behind the other.

Parallel

Describes lines, planes, or surfaces that are always the same distance apart and never intersect.

Line

In geometry, a line is an infinitely long, straight one-dimensional figure having no thickness and extending in both directions.