Which of the following is an example of auditing rather than accounting?
A)recording purchase amounts in the expense accounts
B)posting the daily sales totals to the general ledger
C)recording cash received in the customer account files
D)evaluating whether accounts receivable are collectible

Question

Quizplus · Accepted Answer

Auditing involves evaluating the accuracy and reliability of financial information, whereas accounting involves recording, classifying and summarizing financial transactions. Evaluating whether accounts receivable are collectible is an example of an auditing task, as it involves assessing the validity of the recorded financial data. Recording purchase amounts, posting daily sales totals, and recording cash received are all examples of accounting tasks.

Which of the Following Is an Example of Auditing Rather