accounting definition

  • noun:
    • The accounting techniques involved in making a financial record of business deals plus in the preparation of statements concerning the possessions, debts, and running results of a small business.
    • The development and employ of a method for recording and analyzing the economic transactions and financial status of a business or any other organization.
    • A relaying of activities; justification of actions.
    • Reckoning; calculation; counting.
    • An examination, reckoning, rendering, or balancing of accounts in order to reach the actual condition of every exchange or span of deals: since, the court purchased an accounting; the functions came to an accounting.
    • The art or science of maintaining records; the maxims or types of account-keeping; accountancy: as, manufacturing bookkeeping; mercantile accounting.
    • a method that provides quantitative information regarding finances
    • a bookkeeper's chronological list of related debits and credits of a business; types element of a ledger of accounts
    • a convincing description that reveals fundamental reasons
    • a statement of current deals in addition to resulting balance
    • the career of keeping and auditing records and planning monetary reports for a business
  • verb:
    • Present participle of account.

Related Sources

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  • Equivalent for "accounting"
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