accounting

/ə.ˈkaʊn.tɪŋ/

verb

  1. 1

    To provide explanation.

  2. 2

    To count.

noun

  1. 1

    The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.

  2. 2

    A relaying of events; justification of actions.

    He was required to give a thorough accounting of his time.
  3. 3

    An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them.

adjective

  1. 1

    Of or relating to accounting.

    General accepted accounting principles

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