Statistics play a very vital role in accounting. They help in the interpretation of data which is crucial for making proper accounting decisions.

Bookkeeping is the maintenance of the company's financial records. Accounting is the presentation and interpretation of those records to be used by management for decision making, improvement and planning.

Possibly forensic accounting, where research and interpretation of evidence is important

As businesses became more complex, the need for more astute review and interpretation of financial information was met with the development of a new profession--public accounting.

relation between accounting and statistics is:it helps in the rational [true} decision making.

statistics is concerned with typical value, behaviour or trend over a period of time of series of observations. statistics are useful in developing accounting data and their interpretation