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The definition :

Definitions of accounting:

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

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