Accounting

Quick meaning: Accounting is a verb meaning present participle and gerund of account.

Meaning

present participle and gerund of account.

More Meanings

1. A relaying of events; justification of actions.
2. (law) An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them.
3. (business) The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.

Example Sentences

For quotations using this term, see Citations:accounting.

He was required to give a thorough accounting of his time.

British Railways are beginning to reap the advantages of electronics applied to accounting. At Swindon Works, a computor, the first of its type to be used anywhere in the world, was installed recently to deal with the pay of some 10,000 employees.

In contrast, an accounting for profits, or accounting— a distinct form of relief that the majority groups with disgorgement — has a well-accepted definition: It compels a defendant to account for, and repay to a plaintiff, those profits that belong to the plaintiff in equity.

Word Forms

• accountings

Synonyms for accounting

Depending on context, synonyms include account, accountancy.

Related Words

Related dictionary entries include accountancy, bookkeeping, finance, bookkeeper, financial, accountant.

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