All of the following are types of accounting except:

• A. Insurance accounting
• B. Managerial accounting
• C. Tax accounting
• D. Financial accounting

Answer: (A)

Verified step by step guidance

1. Understand the question: The problem is asking to identify which option is not a type of accounting. This requires knowledge of the different branches of accounting.
2. Review the options provided: The options include Insurance accounting, Managerial accounting, Tax accounting, and Financial accounting.
3. Clarify the concept: Managerial accounting, Tax accounting, and Financial accounting are established branches of accounting. Managerial accounting focuses on internal decision-making, Tax accounting deals with tax compliance and planning, and Financial accounting involves preparing financial statements for external users.
4. Analyze the odd option: Insurance accounting is not a recognized branch of accounting. While insurance companies use accounting principles, 'Insurance accounting' is not a formal category like the others listed.
5. Conclude the reasoning: Based on the analysis, the correct answer is 'Insurance accounting' because it is not a formal type of accounting compared to the other options provided.