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Definition of accounting

Updated: 9/11/2023
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12y ago

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This word has several meanings. One refers to a narrative or a story about events that took place. The witness gave a very thorough account of what she had seen the night of the robbery.

The other meaning refers to an amount of money kept at a bank; or a line of credit given by a department store, bank, credit card company, or other business, allowing a person to charge items and pay for them later. Examples: She has a checking account at Eastern Bank, but her savings account is at the Rockland Credit Union. His parents thought he was too young to have his own charge account and they were pleased that the credit card company denied him.

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11y ago
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12y ago

wat is the defination o accounting?

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Q: Definition of accounting
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