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Dictionary definition for: Accounting

1. (n) a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions"

2. (n) a system that provides quantitative information about finances

3. (n) the occupation of maintaining and auditing records and preparing financial reports for a business

4. (n) a bookkeeper''s chronological list of related debits and credits of a business; forms part of a ledger of accounts

5. (n) a statement of recent transactions and the resulting balance; "they send me an accounting every month"

WordNet 2.1 Copyright Princeton University. All rights reserved.