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How to become an industry and …

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How to become an industry and commerce accountant.Explain.(in 500 words)
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Meghna Thapar 5 years, 6 months ago

Accountants working in industry often focus on the economics within a business including cash flow, cost control and budgeting. Specialised areas you may work in include financial accounting, management and cost accounting and treasury management. There are mainly three types of accounts in accounting: Real, Personal and Nominal accounts, personal accounts are classified into three subcategories: Artificial, Natural, and Representative. The five account types are: Assets, Liabilities, Equity, Revenue (or Income) and Expenses. To fully understand how to post transactions and read financial reports, we must understand these account types.

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