Which of the following is not a type of accounting?

• A. Property insurance accounting
• B. Cost accounting
• C. Financial accounting
• D. Managerial accounting

Answer: (A)

Verified step by step guidance

1. Step 1: Understand the types of accounting listed in the problem. Cost accounting, financial accounting, and managerial accounting are all recognized branches of accounting, each serving specific purposes in business operations.
2. Step 2: Define each type of accounting briefly: Cost accounting focuses on analyzing and controlling costs within a business; financial accounting deals with preparing financial statements for external stakeholders; managerial accounting provides information for internal decision-making.
3. Step 3: Recognize that 'Property insurance accounting' is not a standard type of accounting. It refers to a specific area of insurance management rather than a formal branch of accounting.
4. Step 4: Compare the listed options to identify which one does not align with the established branches of accounting.
5. Step 5: Conclude that 'Property insurance accounting' is the correct answer as it is not a recognized type of accounting.