HK Accounting Archives | Uni-World Services CO.LTD

Difference Between Accounting and Auditing

Accounting is an activity of record keeping and preparation & presentation of the 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 [...]

Difference Between Bookkeeping and Accounting

Many times accounting is juxtaposed with bookkeeping, in fact, the individuals of non-commerce background think that both are same. This article excerpt will make an attempt to distinguish the two terms. The first step to accounting is bookkeeping. As far as the scope is concerned accounting is much wider than bookkeeping because it is only [...]