accounting

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noun ac·count·ing \ə-ˈkau̇n-tiŋ\

Definition of accounting

  1. 1 :  the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results; also :  the principles and procedures of this system studied accounting as a freshman

  2. 2a :  work done in accounting or by accountantsb :  an instance of applied accounting or of the settling or presenting of accounts

  3. 3 :  account 2 They were required to provide a detailed accounting of their actions.

Examples of accounting in a Sentence

  1. what accounting can you give for your bizarre actions on the night in question?

Origin and Etymology of accounting

Middle English acountynge “reckoning, calculation,” from gerund of accounten “to 2account


First Known Use: circa 1676



ACCOUNTING Defined for English Language Learners

accounting

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noun ac·count·ing \ə-ˈkau̇n-tiŋ\

Definition of accounting for English Language Learners

  • : the skill, system, or job of keeping the financial records of a business or person


ACCOUNTING Defined for Kids

accounting

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noun ac·count·ing \ə-ˈkau̇n-tiŋ\

Definition of accounting for Students

  1. :  the work of keeping a person's or a business's financial records


Law Dictionary

accounting

noun ac·count·ing

Legal Definition of accounting

  1. 1 :  an often court-ordered presentment or examination of accounts a complete accounting would be necessary to determine the nature of the expenditures — Case & Comment

  2. 2 :  the settlement by judicial action of the assets of a partnership (as upon dissolution)



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