The Two Broad Branches into Which Accounting Is Divided Are

question 3

Multiple Choice

The two broad branches into which accounting is divided are:

• A)Company and partnership
• B)Management and financial
• C)Taxation and audit
• D)Commercial and non-commercial

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Definitions:

International Trade

The exchange of goods, services, and capital across international borders or territories.

Monetary System

The set of mechanisms and institutions that provide a country with its currency and manage its supply and value.

Trade Deficit

The economic condition that occurs when a country imports more goods and services than it exports.

Economic Growth

Economic Growth is the increase in a country's production of goods and services over time, typically measured as the percentage increase in real GDP.