[Solved] ____ begins where accounting ends.

____ begins where accounting ends.

a) Bookkeeping

b) Auditing

c) Internal check

d) None of these

Answer: (b) Auditing begins where accounting ends. Auditing begins, where accountancy ends. “An auditor has to verify the entries passed by the accountant and the final accounts prepared by him. Auditing is, therefore a critical and independent examination of the accounts with the help of vouchers, documents, and the information thus obtained.

More MCQ and Answers on Auditing

  1. A vacancy caused by resignation of the auditor is filled by
  2. A company auditor can be removed before expiry of his term by
  3. Remuneration of a company auditor is fixed by the
  4. A company auditor, in general has to submit his report to
  5. An auditor of Government company has to submit his report to the
  6. Internal auditor has to submit report to
  7. Auditor should be dutiful like a
  8. Auditor, in general is an
  9. Which of the following percentage of nominal amount of shares should be received with application
  10. While checking allotment, auditor should see that amount

Comments