ACCOUNTING

Definition of ACCOUNTING

  1. (noun)a convincing explanation that reveals basic causes
  2. (noun)a system that provides quantitative information about finances
  3. (noun)the occupation of maintaining and auditing records and preparing financial reports for a business
  4. (noun)a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
  5. (noun)a statement of recent transactions and the resulting balance