Accountancy Begins where Book-keeping ends. It means that an accountant comes into the picture only when the book-keeper has done his job. He has to go behind the work of a book-keeper and satisfy himself that the transaction have been properly agree and then to prepare profit and loss accounts and balance sheet after making the necessary adjustment and the rectification. In short, it can be said that he has to prepare summary in the form of trial balance and make analysis after preparing the balance sheet and profit and loss Accounts. An Accountant is expected to be an expert in the accounting in the accounting procedures, as he has to examine analytically the final accounts. So
Accounting is concerned with the preparation of the final accounts to show the results of the business at the end of the particular period.
