What are the differences between accounting and auditing?
- 1 Answers
- 1242 Views
- I also Faced
- E-Mail Answers
Answer / Anilkumarsingh
Accounting and auditing are related but distinct fields. Accounting involves the process of recording, summarizing, analyzing, and reporting financial transactions for a business or organization. Auditing is an independent examination of an organization's financial statements to ensure they accurately reflect its financial position and comply with relevant laws and regulations.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is Credit?
i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.
What is accumulated depriciation
What is the meaing of holding Holding company?Give one example?
Expand SEBI
what are the adjustment entries?
whether allowances will be included in calculating esi from gross salary
how do we pass the Entry for Reserves? and What is the Meaning of Surplus?
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
in bank statement what is the tras date? and value date? what is the difference?
which type of questions did HR Manager ask and what are the answers
Audit 
