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