Meaning of ACCOUNTING in English

ACCOUNTING

/euh kown"ting/ , n.

1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (distinguished from bookkeeping ).

2. a detailed report of the financial state or transactions of a person or entity: an accounting of the estate.

3. the rendering or submission of such a report.

[ 1350-1400; ME; see ACCOUNT, -ING 1 ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .