Question

Scope of accountancy is wider than the ___________ and __________.

Answer 1

Wider than that of the bookkeeping

Answer 2

Scope of accountancy is wider than accounting and book keeping.

• In the sense that bookkeeping serves as a foundation for accounting, accounting is broader than bookkeeping. One must first complete the work of bookkeeping before designing the final books of accounts.
• Accountancy is a broader term than accounting because it refers to the complete corpus of accounting theory and practise.
• Accounting, in other terms, covers bookkeeping, whereas Accountancy encompasses both bookkeeping and accounting and is more than just accounting.