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accounting
[ uh-koun-ting ]
/ əˈkaʊn tɪŋ /
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noun
the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (distinguished from bookkeeping).
a detailed report of the financial state or transactions of a person or entity: an accounting of the estate.
the rendering or submission of such a report.
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WORDS THAT MAY BE CONFUSED WITH accounting
accounting , bookkeeping, finance(s)Words nearby accounting
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022
How to use accounting in a sentence
British Dictionary definitions for accounting
accounting
/ (əˈkaʊntɪŋ) /
noun
- 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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for accounting
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.