![]() This is the bookish definition or meaning of accounting.Ĭonfused! Let us break the meaning of accounting in a simpler way.Īccounting is the process of collecting, classifying, and recording all the financial data or financial events of the business in a book so as to determine the financial performance of the business as an end objective. The term ‘Accounting’ referred as ‘the art of recording, classifying, and summarizing, in a significant manner and in terms of money, transactions, and events which are part of a financial character and interpreting the result thereof’. The history of accounting can be traced back to the dawn of the commerce and with some evidence to claim that accounting existed as early as 2600 BC. Accounting is the language of the business used to communicate to internal stakeholders and external stakeholders. Accounting is essential for almost every business irrespective of the business size. With the growth of trade and commerce, accounting plays is a key role in determining the financial stability of the business. Example of double entry accounting system.These examples are programmatically compiled from various online sources to illustrate current usage of the word 'account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Myah Taylor, Dallas News, 19 June 2023 See More Joyce Banda, Fortune, 22 June 2023 Property tax largest source of revenue Year to date through March 31, the largest source of revenue has been residential property tax, which accounts for 31% of the revenue at almost $74 million. Brett Christophers, Time, 23 June 2023 Africa, in particular, accounts for roughly only 3% of the world’s carbon emissions–yet the continent is home to eight of the 10 nations most at risk from climate impacts, adding additional pressures to already significant levels of food insecurity and malnutrition. Vanessa Etienne, Peoplemag, 23 June 2023 As at 2018, for example, just 14 sovereign wealth funds (SWFs), representing only 0.2 percent of all global institutional investors in private equity, accounted for as much as 7 percent of all private-equity investment ($215 billion out of $2.97 trillion). Miranda, Los Angeles Times, 24 June 2023 Six days later, she was diagnosed with triple negative breast cancer - which accounts for about 10-15% of all breast cancers. Jon Stojan, USA TODAY, 26 June 2023 Walking with her is a slow and deliberate act in which commonplace fixtures become daunting obstacles: a curb is to be navigated with care a short flight of steps has to be accounted for with additional travel time. Nathaniel Meyersohn, CNN, 27 June 2023 In 2021, women accounted for a meager 14% of solo startup founders and received just 2% of venture capital the following year, however, Perell is on a mission to change this narrative. ![]() Claire Potter, The New Republic, 28 June 2023 Pickleball injuries may cost Americans $377 million in health care costs this year, accounting for 5% to 10% of total unexpected medical costs, UBS analysts estimated in a report Monday. Verb Their findings suggest that students across the political spectrum are generally more tolerant, more interested in diverse viewpoints and ideas, and more critical of their own political allies than assumptions about political polarization can account for. Devlin Barrett and Matt Viser, Anchorage Daily News, 24 June 2023 Reports prepared by first responders who were at the scene where a woman died are reliable, Wu said, while other accounts are not. Lorenzo Reyes, USA TODAY, 25 June 2023 One of the areas in which Garland’s public statements appear to be contradicted by the agents’ account of their own investigation is on the question of the role of Justice Department headquarters. Nina Siegal, New York Times, 25 June 2023 In a video posted Sunday to his Twitter account, Ice Cube, whose real name is O'Shea Jackson, Sr., accused the NBA and mainstream sports media of intentionally excluding his league. Samantha Olson, Seventeen, 25 June 2023 Tensions between her and Friedan were often high because, by Alexander’s account, Friedan was domineering. Candice Choi, WSJ, 26 June 2023 In the last episode of the season, Marco hosts a live stream on Glamorous by Madolyn's official account. Greg Miller, Washington Post, 26 June 2023 Among the considerations the EPA had to take into account in setting the levels: how food prices could be affected if vegetable oils are diverted away for low-carbon trucking fuel. Adrienne Roberts, Detroit Free Press, 26 June 2023 But Hudson and other analysts warned that any such discussions need to take into account the services that Wagner is offering, including direct military support and protection of the incumbent regimes. ![]() Noun Attempts at fraud or identity theft can also be reported through an employer’s MiWAM account. ![]()
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