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accounting

noun
ac·​count·​ing | \ ə-ˈkau̇n-tiŋ How to pronounce accounting (audio) \

Definition of accounting

1 : the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results also : the principles and procedures of this system studied accounting as a freshman
2a : work done in accounting or by accountants
b : an instance of applied accounting or of the settling or presenting of accounts
3 : account sense 2 They were required to provide a detailed accounting of their actions.