Uncategorized

Accountancy is necessary while auditing is a luxury comment?

234

Top Answer
User Avatar
Chris Hawkins
2020-07-10 16:49:17
2020-07-10 16:49:17

I think what you're saying is that accounting is necessary to keep the company's books and records straight ... but auditing is a luxury as it is just validation of the accounting (as well as some other checks around fraud, internal controls, etc.)

123
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

It is necessary for company to maintain books of accounts and that's why accountancy is a must activity but it is not mandary to conduct audit of financial statement for private companies and only necessary for public companies.

User Avatar

accountancy is necessity. it may be treated as a necessity because of the following reason. it helps us to know if the firm is suffering from loss or profit, any small firm can get take the help of a person having knowledge of accountancy and does not have to pay large amount it helps us to know the real position of the business auditing as luxury whereas to get our accounts audited we have to pay good amount of money to auditor . only those firm whose transaction are in large amount can bear the cost of auditing it is also a waste of time for small business because it involves at alot of time more over employees efficiency are decreased because even for small things they are called and questioned about those things azmat(9852419025)

User Avatar

Yes, a headset is necessary in a luxury helicopter. This ensures the pilot and passengers can communicate without interruption.

User Avatar

how do you say jewelry a necessary luxury in latin

User Avatar

You will need to be 23, and have a valid driver's license.

User Avatar

Luxury products are elastic, in comparison to necessity products which are inelastic. Luxury goods are elastic because for a change in price there is a more than proportionate change in quantity. e.g. If the price of a luxury good increases, less people will purchase the good because it is not necessary in their lives - they can do without it.

User Avatar

An elecomic luxury is wasting land on pools huge garden,etc.And an economic necessity is when you need a certain amount of space (houses)to make something totally necessary (to live in)

User Avatar

Here are some sentences.Caviar is a luxury.The luxury suite was very expensive.

User Avatar

Luxury is typically a noun, but it can be used as an adjective -- a luxury home, a luxury hotel.Luxurious is the adjective form.See related link for Oxford Dictionary's definition of luxury.

User Avatar

its a desert thats luxury

User Avatar

Adverb for luxury is Luxuriously.

User Avatar

General Luxury Sedan and General Luxury respectively. General Luxury Sedan and General Luxury respectively.

User Avatar

Luxury mansions for sale can be viewed on the following websites: "Luxury Portfolio", "Luxury Real Estate", "Realtor", "Luxury Homes Australia", "KnightFrank", "Prime Location", to name a few.

User Avatar

No, the noun luxury is a common noun, a word for any luxury of any kind.A proper noun is the name of a person, place, thing, or a title; for example:Luxury Street, Moreno Valley, CALuxury Circle, Jackson, NJLuxury Drive, Concord, CALuxury Row (designer shops), Honolulu, HI"Luxury Liner", 1948 movie starring Jane Powell"Deluxe: How Luxury Lost Its Lustre" by Dana Thomas

User Avatar

The definition of a Lamborghini is a luxury sports car. It was built with both luxury and sportiness in mind.

User Avatar

There are many luxury car rental services in Miami. Examples of luxury car rental services in Miami are Edson Luxury Car Rental, Antillian Luxury Rental, Prestige, Imagine Lifestyles, and American Luxury Auto Rental.

User Avatar

The collective noun for luxury cars is the same as the collective noun for any type of car, a fleet of luxury cars.

User Avatar

He lived in luxury He lived in luxury

User Avatar

no their is no luxury tax in California anymore.

User Avatar

No they are not ,they are far from anything considered luxury.

User Avatar

Luxury Resorts was created in 2005.

User Avatar

Luxury Resorts's population is 2,007.

User Avatar

In category ''BMW'' the BMW 7 Series is a luxury car, a luxury car is about comfort, technology and perfection.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.