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The skill to analyse and interpret data correctly is important for any business organization which is why Accounting services are so important irrespective of the size of business. Accounting covers various different types of accounts like

• Public Accounting: A public accountant offering his services to the general public and generally includes a clientele of local, national and international clients.
• Private Accounting: This type of accounting services are generally limited to a single business organization where an employer-employee relationship exists.
• Government Accounting: It could be either federal, local or state where the objective is to provide services more than to make profits.
• National Income Accounting provides an estimate of the annual purchasing power of the nation. The Gross National Product in this case reflects the total market value of the goods and services produced by a nation.
• Fiduciary Accounting is usually done by a trustee, executor or administrator. His role is to keep records and prepare important reports as necessary.