Origin of accounting
- a formal record of the debits and credits relating to the person, business, etc., named at the head of the ledger account.
- a balance of a specified period's receipts and expenditures.
- a business relation in which credit is used.
- any customer or client, especially one carried on a regular credit basis.
- Also called advertising account.the business assigned to an advertising agency by a client: The toothpaste account was awarded to a new agency last year.
verb (used without object)
verb (used with object)
- to hold accountable; blame; reprimand: Call them to account for having endangered their lives.
- ask for an explanation of.
- by reason of; because of.
- for the sake of: She saw it through on account of me.
- to make allowance for; consider: One must take account of the difficult circumstances. Taking account of the high overhead, the price is not excessive.
- to notice or observe.
Origin of account
Synonyms for account
Examples from the Web for accounting
Contemporary Examples of accounting
Brat has also worked as an economist in the Army and for the accounting firm Arthur Andersen.Who Is David Brat?
June 11, 2014
Combined they sold about 27,000 units, accounting for about 45 percent of the total hybrid market.Hybrid Cars Are Niche No More
The Daily Beast
June 6, 2014
Nu Nu Yin, 30, left her accounting job in August to open Fantastic Inle Travel & Tours with her lover.A Little Too Off the Beaten Path in Burma
June 2, 2014
What does it say that a VA hospital with this many complaints has not only avoided an accounting—but actually received awards?Exclusive: Texas VA Run Like a ‘Crime Syndicate,’ Whistleblower Says
May 28, 2014
If there's no accounting for taste, there's no accounting for tastelessness, certainly.Our Dumb Puritan Laws: Sex Bans and Illegal Adultery
April 20, 2014
Historical Examples of accounting
It was not an accounting for what is, but for what it seemed possible to him might be.
In other words, there is no accounting, thus far in the theory, for variation.
And accounting him well warned by now, I read with confidence.The Strolling Saint
It is not so much the getting the forage as the amount of accounting that is involved.War Letters of a Public-School Boy
Our forefathers had their own ways of accounting for each of these calamities.On the Advisableness of Improving Natural Knowledge
Thomas H. Huxley
- the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities, etc, of a business
- (as modifier)an accounting period; accounting entity
- a business relationship between a bank, department store, stockbroker, etc, and a depositor, customer, or client permitting the latter certain banking or credit services
- the sum of money deposited at a bank
- the amount of credit available to the holder of an account
- a record of these
- a regular client or customer, esp a firm that purchases commodities on credit
- an area of business assigned to anotherthey transferred their publicity account to a new agent
- to insist on explanation
- to rebuke; reprimand
- to hold responsible
- on credit
- Also: to accountas partial payment
- to pay or receive a balance due
- to get revenge on (someone)
Word Origin for account
"reckoning of numbers," late 14c., verbal noun from account (v.). Phrase no accounting for tastes (1823) translates Latin de gustibus non est disputandum.
c.1300, "reckoning of money received and paid," from Old French acont "account, reckoning, terminal payment," from a "to" (see ad-) + cont "counting, reckoning of money to be paid," from Late Latin computus "a calculation," from Latin computare "calculate" (see compute).
Meaning "sum of (one's) money in a bank" is from 1833. Sense of "narration" is first attested 1610s. Plural accounts used as a collective or singular in phrases such as to give accounts (of something), is from mid-13c. Phrase by all accounts is attested from 1798.
c.1300, "to count, enumerate," from Old French aconter "to count, render account" (Modern French conter), from a "to" (see ad-) + conter "to count, tell" (see count (v.)). Meaning "to reckon for money given or received, render a reckoning," is from late 14c.; sense of "to explain" (c.1710) is from notion of "answer for money held in trust." Transferred sense of "value" is from late 14c. Related: Accounted; accounting.
The system of recording and auditing business transactions. (See audit.)
In addition to the idiom beginning with account
- account for
- all present and accounted for
- by all accounts
- call to account
- give a good account
- no accounting for tastes
- on account of
- on no account
- on one's own account
- take account of
- take into account
- turn to good account