What Are The Functions Of The Book Keeper, Accountant And Auditors?

A book keeper performs the routine operations of recording transactions in books of accounts. His work comprises the writing up of the books of prime entry, positing to the ledgers, balancing the ledgers according to accounts etc.

An accountant is responsible for the higher function of designing where necessary, improving or modifying the system of accounts. Accountant supervise and coordinates the work of the book keeper, staff, writes up more important private and impersonal accounts and prepares the annual profit and loss accounts and balance sheet. Accountant is also interprets such accounts, prepares statistical and financial data, there from and advises the proprietors of business generally, on all the higher and more important aspects of accountancy and finance.

An auditor conducts a critical examination of the books and vouchers of a concern and of balance sheet and profit and loss account which have been prepared by accountant, verifiers and assets and liabilities and reports whether the balance sheet shows a true and correct view of state of affairs of the business and of its profit and loss and if it fails to do so, in what respect it is untrue or incorrect. In practice, auditors sometimes advises as to the system of accounts and even prepares the balance sheet and profit and loss account, although these are note strictly part of his duties as auditor.

Parts of a book and its function?