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Accounting   /əkˈaʊntɪŋ/  /əkˈaʊnɪŋ/   Listen
Accounting

noun
1.
A convincing explanation that reveals basic causes.
2.
A system that provides quantitative information about finances.
3.
The occupation of maintaining and auditing records and preparing financial reports for a business.  Synonym: accountancy.
4.
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.
5.
A statement of recent transactions and the resulting balance.  Synonyms: account, account statement.



Account

verb
(past & past part. accounted; pres. part. accounting)
1.
Be the sole or primary factor in the existence, acquisition, supply, or disposal of something.
2.
Keep an account of.  Synonym: calculate.
3.
To give an account or representation of in words.  Synonyms: describe, report.
4.
Furnish a justifying analysis or explanation.  Synonym: answer for.



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"Accounting" Quotes from Famous Books



... application of that money; whether by heads of department or by any other agents; and by rendering every person who receives public moneys from the Treasury as immediately, promptly, and effectually accountable to the accounting officer (the comptroller) as practicable. The great characteristic, the flagrant vice, of the late administration has been total disregard of laws, and application of public moneys by the Department to objects for which they were ...
— Albert Gallatin - American Statesmen Series, Vol. XIII • John Austin Stevens

... most astonishing feature of level-premium insurance is found in the fact that there is absolutely no obligation assumed on the part of the company, and no power anywhere to enforce an accounting for the vast sums entrusted to it, so long as it can be made to appear that it holds securities in the aggregate to meet the legal ...
— The New England Magazine, Volume 1, No. 1, January 1886 - Bay State Monthly, Volume 4, No. 1, January, 1886 • Various

... be their author, as he appeared not to understand them himself. This plea appears specious, yet it is certain the learned author failed egregiously in his proofs, and this publication added little to the reputation he had already acquired. The best way of accounting for Mr. Bryant's risking his well-earned and high character in the literary world in this controversy, and for the eagerness with which he engaged in it, is from the turn of his studies. "He had," to borrow the words of Mr. Mason, "been much engaged in antiquities, ...
— A New System; or, an Analysis of Antient Mythology. Volume I. • Jacob Bryant

... can't, and the only way is to go round to the principal hotels till we hit the right one. It won't take long. Come!" He passed his arm through that of the colonel, and made an explanation to the portier, as if accounting for the vagaries of some harmless eccentric he had in charge. Then he pulled his friend gently away, who yielded after a survey of the portier and the court-yard with a frown in which an indignant sense ...
— A Fearful Responsibility and Other Stories • William D. Howells

... this time, there was nothing remarkable or disgusting in the outward appearance of this unfortunate people. There was nothing about them to countenance the idea of their being lepers—the most natural mode of accounting for the abhorrence in which they were held. They were repeatedly examined by learned doctors, whose experiments, although singular and rude, appear to have been made in a spirit of humanity. For instance, the surgeons of the king of Navarre, in sixteen hundred, bled twenty-two ...
— An Accursed Race • Elizabeth Gaskell


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