Type the correct answer in the box. Spell all words correctly.
Danielle enjoys working as a Certified Public Accountant (CPA) and assisting small businesses and individuals with managing their finances and taxes. Which general area of accounting is her specialty?
Danielle specialized in ___________ .

Question

10-11-2022
Business

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Type the correct answer in the box. Spell all words correctly.
Danielle enjoys working as a Certified Public Accountant (CPA) and assisting small businesses and individuals with managing their finances and taxes. Which general area of accounting is her specialty?
Danielle specialized in ___________ .

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Joyufedofrancis Joyufedofrancis · Answer 1 · 2022-11-15T11:15:11+01:00

Danielle specialized in "Tax Accounting.

Accounting: is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows.

Tax Accounting: This is the process whereby businesses and individuals filing their tax through the income Tax return (ITR)." A tax accountant needs to have a good knowledge about his country's tax system. He ensures that they follow the tax laws upon filing. Since this is what Danielle is doing, then it means she is specializing in Tax Accounting

To learn more about Tax accounting here

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