Definition of accounting

Definitions

Noun

a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions"

Noun

a system that provides quantitative information about finances

Noun

the occupation of maintaining and auditing records and preparing financial reports for a business

Noun

a bookkeeper''s chronological list of related debits and credits of a business; forms part of a ledger of accounts

Noun

a statement of recent transactions and the resulting balance; "they send me an accounting every month"

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account account statement accountancy accounting system method of accounting

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account business explanation financial statement job line line of work occupation register statement system system of rules

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accounting entry accrual basis audit audited account balance of international payments balance of payments bookkeeping capital account cash basis clerking control account cost accounting credit side current account debit side entry expense account inventory accounting ledger entry limited review pooling of interest profit and loss profit and loss account review suspense account travel and entertainment account

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