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accounting
noun
ac·count·ing
| \ ə-ˈkau̇n-tiŋ
\
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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.