ACCOUNTING Definition & Meaning

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accounting

[uh-koun-ting]

Phonetic (Standard)IPA

noun

the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (bookkeeping ).
a detailed report of the financial state or transactions of a person or entity.
an accounting of the estate.
the rendering or submission of such a report.

accounting

/ əˈ�첹ʊ�Գ�ɪŋ /

noun

1. the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities, etc, of a business
2. ( as modifier )
  an accounting period
  accounting entity

accounting

The system of recording and auditing business transactions. (See audit.)

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51�Թ� History and Origins

Origin of accounting¹

First recorded in 1350–1400; Middle English; account + -ing ¹

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Example Sentences

Examples have not been reviewed.

In this accounting, feminism made women selfish and undesirable, men no longer exhibit sufficient “masculine energy,” and the result is .. wage stagnation?

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Sylvia Cook, 72, used to sell accounting software, then published books about Greece, before she retired.

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The cuts, Dreier says, reduce NASA’s budget to less than it has been, accounting for inflation, since the earliest days of Project Mercury in the early 1960s.

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However, accounting practices mean that is not actually the case.

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Given a chance to address the court, Girardi spoke in a soft, muffled voice, blaming poor accounting and insisting he had not profited personally.

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Related 51�Թ�s

bookkeeping��
computing��

account for accounting machine

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