Explanation:

Here’s how to look at it:

- Accounting is all about keeping the records, tracking every transaction, and making sure the books reflect what actually happened.

- Auditing comes in *after* that. Auditing is about checking those records to make sure they're accurate, complete, and done according to the rules.

- Basically: accounting starts, and then auditing checks what accounting has done. Auditing starts where accounting ends.

- Vouching is more of a technique used *within* auditing—it’s where the auditor checks the evidence for transactions.

- So the options boil down to sequence:

- Option 1: Accounting, auditing

- This is the right order. You do the accounting first, and the auditing follows.

- Option 2: Auditing, accounting

- That’s backwards. You can’t audit if there isn’t anything recorded yet.

- Option 3: Vouching, auditing

- Vouching is part of auditing, not something that "ends" where auditing begins.

- Option 4: Accounting, vouching

- Doesn’t fit. Vouching is just a process in auditing.

Correct Answer: Option 1 – Accounting starts where accounting ends, auditing begins.