accounting
noun
ac·count·ing
ə-ˈkau̇n-tiŋ
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
2
a
: 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.
Cite this Entry
“Accounting.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/accounting. Accessed 7 Jul. 2026.
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