Taxation Taxation is the liability on businesses and individuals owe to the government to respond to what facilities the government is providing.
This is important to learn about different accounting branches. There are following 9 important branches of Accounting: 1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Auditing 5. Tax Accounting 6. Fund Accounting 7. Government Accounting 8. Forensic Accounting 9. Fiduciary Accounting