Question

Accounting begins where bookkeeping ends and auditing begins where accounting ends

Answer 1

yes correct statement

Answer 2

Question

Accounting begins where bookkeeping ends and auditing begins where accounting ends

Accounting begins where bookkeeping ends and auditing begins where accounting ends. This is a very powerful statement that is normally used in the field of accounting .

Bookkeeping is an activity or occupation that is used in recording all the financial issues or affairs which an individual does for the future references.

Accounting being a systematic and comprehensive recording of transactions pertaining to the business .

This is using the Bookkeeping sources as the reference materiel.

Auditing comes in later as the verification of both the records that have been tabled to verify their truth and matching in the same manner.

It is the coordination between the two concepts.