A private accountant is an accountant whose services may be hired on a fee basis by individuals or business firms. Group of answer choices True False

TRUE

Explanation:

A private accountant is an individual that provides a select and personalized set of accounting services on hire which may sometimes be exclusive to one client. Clients are usually individuals with high net worth or big corporations.

A private account may be an employee of the client or may operate as an independent accountant, with the later being the case most times.

Answer:False

Explanation:A private accountant is the one who get hired to work in a private firm whereas a public accountant is the one who works in various for certain individuals or firms on a fee basis.

Private accountant caters to personalized accounting services to a single ckient usually a client with a very high net income. They work independently or get employed by the elites to work dedicatedly for just that person.