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Which of the following branches of accounting was first developed?

Which of the following branches of accounting was first developed?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Cost accounting
  • B Financial acounting
  • C Management accounting
  • D Petroleum accounting
Correct Answer: Option B
Explanation:
Financial Accounting is based on a systematic method of recording transactions of any business according to the accounting principles. It is the first and original form of accounting process.

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