Accounting

/əˈkaʊn.tɪŋ/ · verb

Meaning

present participle and gerund of account.

Definitions by Sense

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

Example Sentences

For quotations using this term, see Citations:accounting.

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.

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

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.

Synonyms for accounting

Antonyms for accounting

Related Words

Word Forms

• accountings

Usage Notes

Choose a synonym only when it preserves the intended meaning, tone, and grammar of the full sentence.

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