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Meaning & Definition of Accounting in English

English

Accounting

/əkaʊntɪŋ/

noun

1. A convincing explanation that reveals basic causes

  • "He was unable to give a clear accounting for his actions"
    synonym:
  • accounting

2. A system that provides quantitative information about finances

    synonym:
  • accounting

3. The occupation of maintaining and auditing records and preparing financial reports for a business

    synonym:
  • accountancy
  • ,
  • accounting

4. A bookkeeper's chronological list of related debits and credits of a business

  • Forms part of a ledger of accounts
    synonym:
  • accounting
  • ,
  • accounting system
  • ,
  • method of accounting

5. A statement of recent transactions and the resulting balance

  • "They send me an accounting every month"
    synonym:
  • account
  • ,
  • accounting
  • ,
  • account statement

Examples of using

I work in an accounting office.
There is no accounting for taste.
There is no accounting for taste.