Meaning & Definition of Accounting in English

1. A convincing explanation that reveals basic causes

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

2. A system that provides quantitative information about finances

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

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

• Forms part of a ledger of accounts

5. A statement of recent transactions and the resulting balance

• "They send me an accounting every month"