Meaning of Accounting | Babel Free

Definitions

1. Aptitude of the things to be able to reduce them to account or calculation.
2. The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.
   uncountable, usually
3. Order adopted to spend the account and reason in the public and particular offices.
4. A relaying of events; justification of actions.
   uncountable, usually
5. An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them.
   uncountable, usually

Equivalents

Examples

“British Railways are beginning to reap the advantages of electronics applied to accounting. At Swindon Works, a computor, the first of its type to be used anywhere in the world, was installed recently to deal with the pay of some 10,000 employees.”

“He was required to give a thorough accounting of his time.”

“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.”

CEFR level