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?>

Circa 1676

First Known Use of accounting

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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