Answers and Solutions

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accounting is nothing but recording the transations in  books whereas auditing is vouching and verifying their accuracy with cross checks and supportings

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accounting is a daily process, whereas an audit is usually conducted annually or quarterly. Another difference is that the accountingis compiled by the employees of the company, while an audit is done by an independent body with no financial ties to the company

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In accounting we will record transaction and in auditing we will verify its validness.

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In accounting we will record transaction and in auditing we will verify its validness.

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Accounting is an activity of record keeping and preparation & presentation of financial statement, whereas Auditing is an activity of verification and evaluation of financial statement. So, Auditing starts where Accounting ends. These two business terms are many times juxtaposed as they are very closely intertwined with each other. This article excerpt will make an attempt to clear all the differences between Accounting and Auditing.

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Accounting is recording of transaction, while Auditing is checking of transactions as recorded by accounting and it starts when accounting has been completed

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Accounting is just recording the credit and debit while Auditing is verification of same.

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Accounting is an art of recording the transaction of a firm.

Auditing is the procedure to check whether the accounts has been entered properly.

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Accounting refers to recording of transactions in the books of an organization.

Auditing refers to carrying out a check / review of the books of accounts or other activities to ensure that there are no errors.