accounting

accounting

synonyms, antonyms, definitions, examples & translations of accounting in English

English Online Dictionary. What means accounting‎? What does accounting mean?

English

Etymology

  • First attested in the late 14th century.
  • account +‎ -ing

Pronunciation

  • IPA(key): /ə.ˈkaʊn.tɪŋ/

Verb

accounting

  1. present participle and gerund of account

Noun

accounting (usually uncountable, plural accountings)

  1. (business) The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.
  2. A relaying of events; justification of actions.
  3. (law) An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them.
    • 2020, Liu v. SEC (U.S. Supreme Court No. 18-1501), Justice Thomas dissenting:
      In contrast, an accounting for profits, or accounting— a distinct form of relief that the majority groups with disgorgement — has a well-accepted definition: It compels a defendant to account for, and repay to a plaintiff, those profits that belong to the plaintiff in equity.

Derived terms

Translations

See also

  • accountancy

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This article based on an article on Wiktionary. The list of authors can be seen in the page history there. The original work has been modified. This article is distributed under the terms of this license.