Definition of 'accounting'

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Noun

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
      Synonyms: accountancy
4. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
      Synonyms: accounting system method of accounting
5. a statement of recent transactions and the resulting balance; "they send me an accounting every month"
      Synonyms: account account statement

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