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/əkˈaʊntɪŋ/ /əkˈaʊnɪŋ/ Listen

Accounting

noun

A convincing explanation that reveals basic causes.

A system that provides quantitative information about finances.

The occupation of maintaining and auditing records and preparing financial reports for a business. Synonym: accountancy.

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.

A statement of recent transactions and the resulting balance. Synonyms: account, account statement.

Account

verb

(past & past part. accounted; pres. part. accounting)

Be the sole or primary factor in the existence, acquisition, supply, or disposal of something.

Keep an account of. Synonym: calculate.

To give an account or representation of in words. Synonyms: describe, report.

Furnish a justifying analysis or explanation. Synonym: answer for.

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"Accounting" Quotes from Famous Books

... casting a shadow of gloom over all, but not for an instant staying the steady beat of the pumps. Shortly it was discovered that a fresh hand had been sent to the well and had sounded from a different mark than his predecessor, accounting for the sixteen to eighteen inches difference in the depth of water reported. This discovery acted like a charm: each one redoubled his exertions, and by morning they had gained considerably on the leak, so sail was made, and they slowly crawled ...

— The Life of Captain James Cook • Arthur Kitson

... that lies before us—and it is an extremely important one—is this: Does this selective breeding occur in nature? Because, if there is no proof of it, all that I have been telling you goes for nothing in accounting for the origin of species. Are natural causes competent to play the part of selection in perpetuating varieties? Here we labour under very great difficulties. In the last lecture I had occasion to point out to you the extreme difficulty of obtaining evidence even of the first origin ...

— Darwiniana • Thomas Henry Huxley

... destruction of the Folk; that we, a branch of lower life budding toward the human, were nipped short off and perished down by the roaring surf where the river entered the sea. Of course, in such an eventuality, I remain to be accounted for; but I outrun my story, and such accounting will be made before ...

— Before Adam • Jack London

... foot to carry the ball the one from the other, and spurn it to the goal with a kind of dexterity and swift footmanship which is the honor of it. But they never strike up one another's heels, as we do, not accounting that praiseworthy to purchase a ...

— A Brief History of the United States • John Bach McMaster

... years, he cannot but come to the conviction that either country merchants will have to get together so as to pool their purchasing power and get the advantages of expert assistance in advertising, accounting, store arrangement, and other technical services which the chain store enjoys, or they will be forced to content themselves with the poorer and less profitable class of trade. I have seen no studies of the matter, but it would be interesting to know how large an amount of farmer trade is now ...

— The Farmer and His Community • Dwight Sanderson

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