Definition of accounting Accounting

/ʌkawˈntɪŋ/ - [ukawnting] - ac•count•ing

We found 11 definitions of accounting from 5 different sources.

What does accounting mean?

WordNet

Noun Plural: accountings
accounting - a system that provides quantitative information about finances
		system of rules, system instrumentality that combines interrelated interacting artifacts designed to work as a coherent entity; "he bought a new stereo system"; "the system consists of a motor and a small computer"
		balance of international payments, balance of payments a system of recording all of a country's economic transactions with the rest of the world over a period of one year; "a favorable balance of payments exists when more payments are coming in than going out"
		current account that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
		accounting system, method of accounting
		register a regulator (as a sliding plate) for regulating the flow of air into a furnace or other heating device
		account book, book of account, ledger, leger, book a record in which commercial accounts are recorded; "they got a subpoena to examine our books"
		control account an account that shows totals of amounts entered in a subsidiary ledger
		accounting entry, ledger entry, entry an item inserted in a written record
		credit side account of payments received; usually the right side of a financial statement
		debit side account of payments owed; usually the left side of a financial statement
		accrual basis a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
		cash basis a method of accounting in which each item is entered as payments are received or made
		pooling of interest an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free
		audited account, audit an inspection of the accounting procedures and records by a trained accountant or CPA
accounting - a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions"
accounting - a statement of recent transactions and the resulting balance; "they send me an accounting every month"
		account, account statement
		financial statement, statement a document showing credits and debits
		capital account (finance) an account of the net value of a business at a specified date
		capital account (finance) an account of the net value of a business at a specified date
		profit and loss, profit and loss account an account compiled at the end of an accounting period to show gross and net profit or loss
		suspense account an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification
		balance a scale for weighing; depends on pull of gravity
accounting - the occupation of maintaining and auditing records and preparing financial reports for a business
		accountancy
		line of work, occupation, business, job, line the act of occupying or taking possession of a building; "occupation of a building without a certificate of occupancy is illegal"
		cost accounting keeping account of the costs of items in production
		bookkeeping, clerking the activity of recording business transactions
		inventory accounting accounting that controls and evaluates inventory

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Wiktionary

accounting (Noun)
The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
accounting (Noun)
A relaying of events; justification of actions.
accounting (Verb)
Present participle of account.