|1.||[ noun ] (accounting) the occupation of maintaining and auditing records and preparing financial reports for a business|
|Related terms:||occupation bookkeeping cost_accounting inventory_accounting carry_over account|
|2.||[ noun ] (accounting) a convincing explanation that reveals basic causes|
"he was unable to give a clear accounting for his actions"
|3.||[ noun ] a system that provides quantitative information about finances|
|Related terms:||system balance_of_payments current_account good_will inventory debit review balanced unearned_income unbalanced internal_control straight-line_method write-off account|
|4.||[ noun ] (accounting) a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts|
|Related terms:||register entry audited_account cash_basis credit_side debit_side pooling_of_interest control_account review accrual_basis ledger|
|5.||[ noun ] (accounting,writing) a statement of recent transactions and the resulting balance|
"they send me an accounting every month"
|Related terms:||statement profit_and_loss expense_account suspense_account capital_account capital_account balance account|