English Lexicon

Accounting

/əˈkaʊn.tɪŋ/
nounCEFR B2 (Upper)Top #950 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The action or process of keeping financial accounts.

    "Effective accounting is essential for businesses to track their income and expenses."
  2. 2

    The profession or field of study concerned with the systematic recording, reporting, and analysis of financial transactions.

    "She decided to pursue a career in accounting after completing her degree in finance."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from the Middle English word 'acounten', originating from the Old French 'aconter', stemming from the Late Latin 'computare' meaning to compute or calculate. Over centuries, it evolved from general computation into the formalized professional practice of recording and managing financial transactions.

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