Accounting Definition

ə-kountĭng
noun
The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business.
American Heritage
The principles or practice of systematically recording, presenting, and interpreting financial accounts.
Webster's New World
A statement of debits and credits.
Webster's New World
A settling or balancing of accounts.
Webster's New World
The act or a system of establishing how the assets of a business, estate, trust, or other similar entity were managed and disposed of.
Webster's New World Law
Synonyms:
method of accountingaccounting systemaccount-statementaccountaccountancyquantizationquantification
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Other Word Forms of Accounting

Noun

Singular:
accounting
Plural:
accountings

Origin of Accounting

  • First attested in the late 14th century.

    From Wiktionary

  • account +‎ -ing

    From Wiktionary

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