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Accounting Made Easy
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Accounting
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Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
ac·count·ing    Audio Help   [uh-koun-ting] Pronunciation Key
–noun
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.

[Origin: 1350–1400; ME; see account, -ing1]
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
Accounting Made Easy
Save time on everyday tasks with QuickBooks accounting software.
www.QuickBooks.com

Sponsored Links
Accounting
Find accredited Accounting programs from schools in your area or online
myAccountingSchool.com
CPA for Your Business
Professional and affordable tax and accounting. Free consultation.
www.RosenthalCPA.com
Encyclopædia Britannica, Inc.
Accounting

To learn more about Accounting visit Britannica.com

© 2008 Encyclopædia Britannica, Inc.
L.A. Area, CA Accounting
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Online Accounting Degrees
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American Heritage Dictionary - Cite This Source - Share This
ac·count    Audio Help   (ə-kount')  Pronunciation Key 
n.  
  1. A narrative or record of events.
    1. A reason given for a particular action or event: What is the account for this loss?
    2. A report relating to one's conduct: gave a satisfactory account of herself.
    3. A basis or ground: no reason to worry on that account.
    4. A formal banking, brokerage, or business relationship established to provide for regular services, dealings, and other financial transactions.
    5. A precise list or enumeration of financial transactions.
    6. Money deposited for checking, savings, or brokerage use.
    7. A customer having a business or credit relationship with a firm: salespeople visiting their accounts.
  2. Abbr. a/c or acct.
    1. A formal banking, brokerage, or business relationship established to provide for regular services, dealings, and other financial transactions.
    2. A precise list or enumeration of financial transactions.
    3. Money deposited for checking, savings, or brokerage use.
    4. A customer having a business or credit relationship with a firm: salespeople visiting their accounts.
  3. Worth, standing, or importance: a landowner of some account.
  4. Profit or advantage: turned her writing skills to good account.

tr.v.   ac·count·ed, ac·count·ing, ac·counts
To consider as being; deem. See Synonyms at consider. See Usage Note at as1.

Phrasal Verb(s):
account for
  1. To constitute the governing or primary factor in: Bad weather accounted for the long delay.
  2. To provide an explanation or justification for: The suspect couldn't account for his time that night.

Idiom(s):
call to account
  1. To challenge or contest.
  2. To hold answerable for.

Idiom(s):
on account
On credit.

Idiom(s):
on account of
Because of; for the sake of: "We got married on account of the baby" (Anne Tyler).

Idiom(s):
on no account
Under no circumstances.

Idiom(s):
on (one's) own account
  1. For oneself.
  2. On one's own; by oneself: He wants to work on his own account.

Idiom(s):
take into account
To take into consideration; allow for.

[Middle English, from Old French acont, from aconter, to reckon : a-, to (from Latin ad-; see ad-) + cunter, to count (from Latin computāre, to sum up; see compute).]

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The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2006 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
American Heritage Dictionary - Cite This Source - Share This
ac·count·ing    Audio Help   (ə-koun'tĭng)  Pronunciation Key 
n.   The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business.

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The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2006 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
WordNet - Cite This Source - Share This
accounting

noun
1. a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions" 
2. a system that provides quantitative information about finances 
3. the occupation of maintaining and auditing records and preparing financial reports for a business [syn: accountancy
4. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts 
5. a statement of recent transactions and the resulting balance; "they send me an accounting every month" [syn: account

WordNet® 3.0, © 2006 by Princeton University.
American Heritage New Dictionary of Cultural Literacy, Third Edition - Cite This Source - Share This
accounting

The system of recording and auditing business transactions. (See audit.)


[Chapter:] Business and Economics


The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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