{ bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, Accounting equation can be simply defined as a relationship between assets, liabilities and owner’s equity in the business. { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, googletag.pubads().set("page_url", "https://dictionary.cambridge.org/dictionary/english/accounting"); } googletag.pubads().setTargeting("cdo_tc", "resp"); It helps to translate the workings of a firm into tangible reports that can be compared. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'ix', params: { siteId: '195467', size: [300, 250] }}, Tax accounting refers to the rules used to generate tax assets and liabilities in the accounting records of a business or individual. Definition of Debtor A debtor is a person, company, or other entity that owes money. 'max': 30, What Does Accounting Standards Mean? { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; { bidder: 'sovrn', params: { tagid: '387233' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, It reveals profit or loss for a given period and the value and the nature of a firm’s assets and liabilities and owners’ equity. googletag.pubads().disableInitialLoad(); { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, if(refreshConfig.enabled == true) name: "unifiedId", { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, the sport of walking and climbing in caves, Help is at hand (Idioms with ‘hand’, Part 1), Clear explanations of natural written and spoken English. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'appnexus', params: { placementId: '11653860' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, "login": { googletag.pubads().setTargeting("cdo_pt", "entry"); In this type of bookkeeping, the corporate accountant only concerns themselves with the financial records of one firm. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, }; { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, userSync: { The word in the example sentence does not match the entry word. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, The accounting equation summarizes the essential nature of double-entry system of accounting. 'cap': true So it is essential that we know the meaning of accounting. } Such accounting records are required to be maintained to measure the income of the business and communicate the information so that it may be used by managers, owners and other … the job of keeping or examining the records of money received, paid, and owed by a company or person (Definition of accounting from the Cambridge Academic Content Dictionary © Cambridge University … var mapping_houseslot_a = googletag.sizeMapping().addSize([963, 0], [300, 250]).addSize([0, 0], []).build(); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'sovrn', params: { tagid: '346693' }}, { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, Under which, the debit always equal to credit, and assets always equal to the sum of equities and liabilities. Accounting The practice or profession of maintaining financial records, noting expenses or revenue, and determining how much one owes or is owed. Accounting seeks to assure that every individual or company pays or is paid the correct amount. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. if(pl_p) { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'appnexus', params: { placementId: '19042093' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, name: "pubCommonId", "loggedIn": false { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, The Definition of Corporate Accounting. { bidder: 'appnexus', params: { placementId: '11653860' }}, { bidder: 'sovrn', params: { tagid: '346698' }}, var pbAdUnits = getPrebidSlots(curResolution); bidderSequence: "fixed" var pbMobileLrSlots = [ pbjs.setConfig(pbjsCfg); { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. Also, one of the remedies available for enforcing a right or redressing a wrong asserted in a lawsuit. iasLog("criterion : sfr = cdo_dict_english"); expires: 60 { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, name: "identityLink", { With project accounting, you can keep track of the hours, related costs and other key tasks related to a specific project. iasLog("criterion : cdo_ptl = entry-lcp"); The purpose of accounting is to provide records of all financial transactions, so that the financial position of a business can be determined. Accounting is a system of recording information about a business. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, iasLog("criterion : cdo_dc = english"); Meaning: Human resources are considered as important assets and are different from the physical assets. given a definition of management accounting, which has been widely accepted. pid: '94' 'increment': 0.05, { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, The reasoning added to this statement was, "the technique of accounting is of extreme { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, 1 : the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results also : the principles and procedures of this system studied accounting as a freshman. This is a guide to what is Financial Accounting and its definition. iasLog("criterion : cdo_pc = dictionary"); Click on the arrows to change the translation direction. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, }], }; var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); var pbHdSlots = [ Definition of accounting. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. }] Tax accounting definition October 19, 2020 / Steven Bragg. { bidder: 'sovrn', params: { tagid: '387232' }}, Can you spell these 10 commonly misspelled words? bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, name: "idl_env", 1.3 MEANING OF ACCOUNTING The main purpose of accounting is to ascertain profit or loss during a specified period, to show financial condition of the business on a particular date and to have control over the firm's property. a. the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities, etc, of a business b. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, Meaning of Accounting. { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, params: { Stay tuned to BYJU'S to learn more. googletag.cmd.push(function() { ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, The primary function of accounting is to make records of all the transactions that the firm enters into. What made you want to look up accounting? { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, Meaning of Management Accounting: Management Accounting is the presentation of accounting information in order to formulate the policies to be adopted by the management and assist its day-to-day activities. dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); It’s a system of providing quantitative information about a business or person’s financial position. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! 'min': 3.05, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, 'increment': 0.5, TL;DR (Too Long; Didn't Read) Business accounting consists of three basic activities: identifying, recording and communicating the economic events of a company. Find another word for accounting. } Browse our dictionary apps today and ensure you are never again lost for words. params: { 'buckets': [{ Project accounting is the facilitation and integration of key tasks in the management of a large project. storage: { userIds: [{ }, Responsibilities for controlling, risk management, corporate finance, In August, Marc Chatow found out through a Zoom call that he was being laid off from his job in the, An entirely new system must be built with separate. { bidder: 'ix', params: { siteId: '195467', size: [300, 50] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, Definition: Accounting standards are rules and guidelines set up by governing bodies, like FASB and IASB, to keep accounting practices consistent and understandable across all companies and industries. googletag.pubads().enableSingleRequest(); }, These … 3 Save The information that is collected and recorded is primarily numerical. { bidder: 'appnexus', params: { placementId: '11654156' }}, enableSendAllBids: false, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, googletag.pubads().setTargeting("cdo_ei", "accounting"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600]] } }, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; iasLog("criterion : cdo_l = en"); { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, 2 a : work done in accounting or by accountants. { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, dfpSlots['topslot_a'] = googletag.defineSlot('/2863368/topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); }); {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, 'min': 8.50, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, Accessed 13 Dec. 2020. googletag.pubads().setTargeting("cdo_ptl", "entry-lcp"); var pbTabletSlots = [ { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, 'max': 36, According to the corporate accounting definition, this activity is … {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, googletag.pubads().setTargeting('cdo_alc_pr', pl_p.split(",")); googletag.pubads().setTargeting("sfr", "cdo_dict_english"); iasLog("exclusion label : wprod"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; Test Your Knowledge - and learn some interesting things along the way. { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, { bidder: 'sovrn', params: { tagid: '446381' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, iasLog("criterion : cdo_t = business"); Various accounting methods may be employed. {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/2863368/rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, What are Accounting Standards? Accountants identify economic events such as transactions and investments. Enrich your vocabulary with the English Definition dictionary { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); { bidder: 'appnexus', params: { placementId: '11654149' }}, var mapping_btmslot_a = googletag.sizeMapping().addSize([746, 0], [[300, 250], 'fluid']).addSize([0, 0], [[300, 250], [320, 50], [300, 50], 'fluid']).build(); { bidder: 'appnexus', params: { placementId: '11654157' }}, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, iasLog("exclusion label : resp"); {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, var mapping_rightslot2 = googletag.sizeMapping().addSize([746, 0], [[300, 250], [120, 600], [160, 600]]).addSize([0, 0], []).build(); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, ... Accounting Bestsellers Accountants' Guidebook Accounting Controls Guidebook Accounting for Casinos & Gaming Accounting for Inventory Accounting for Managers Accounting Information Systems Accounting Procedures … window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; Which of the following words shares a root with. storage: { { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, { bidder: 'sovrn', params: { tagid: '705055' }}, accounting: A system of recording or settling accounts in financial transactions; the methods of determining income and expenses for tax and other financial purposes. Equity definition June 23, 2019 / Steven Bragg. “Accounting.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/accounting. },{ Principles of Accounting Definition. ADVERTISEMENTS: Equity is the net amount of funds invested in a business by its owners, plus any retained earnings. "sign-out": "https://dictionary.cambridge.org/auth/signout?rid=READER_ID" { bidder: 'sovrn', params: { tagid: '387232' }}, Let us try and understand the components of accounting to understand what it really means: Recording. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, dfpSlots['btmslot_a'] = googletag.defineSlot('/2863368/btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); syncDelay: 3000 { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, { bidder: 'appnexus', params: { placementId: '11654174' }}, googletag.cmd = googletag.cmd || []; circa 1676, in the meaning defined at sense 2b, Middle English acountynge "reckoning, calculation," from gerund of accounten "to account entry 2". Home » Accounting Dictionary » What are Accounting Standards? ga('set', 'dimension2', "entry"); How to use a word that (literally) drives some pe... Test your knowledge of the words of the year. The introduction of accounting helps the decision-makers of a company to make effective choices, by providing information on the financial status of the business. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, accounting irregularities/issues/scandals. dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, Accounting Treatment- An asset that is fully depreciated and continues to be used in the business will be reported on the balance sheet at its cost along with its accumulated depreciation. googletag.pubads().setTargeting("cdo_t", "business"); { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, Definition: Management accounting, also called managerial accounting or cost accounting, is the process of analyzing business costs and operations to prepare internal financial report, records, and account to aid managers’ decision making process in achieving business goals.In other words, it is the act of making sense of financial and costing data and translating that data into useful information for … Under regulatory accounting practices, that debt can be counted as capital. Send us feedback. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, Tax accounting is derived from the Internal Revenue Code (IRC), rather than one of the accounting frameworks, such as GAAP or IFRS. The American Institute of Certified Public Accountants (AICPA) defines accounting as: "the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of financial character, and interpreting the results thereof." pbjs.que.push(function() { {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, Thus, it is the act of sending the goods or receiving an inventory item that is important in determining when transactions are posted on financial statements. {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, name: "_pubcid", { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, dfpSlots['rightslot2'] = googletag.defineSlot('/2863368/rightslot2', [[300, 250], [120, 600], [160, 600]], 'ad_rightslot2').defineSizeMapping(mapping_rightslot2).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, Try it free for 7 days. 'max': 8, Here we discuss the objectives and fundamentals of financial accounting including debit-credit, journals, ledgers and four financial statements (income statement, balance sheet, cash flow, and shareholders equity statement). type: "html5", Physi­cal assets do not have feelings and emotions, whereas human assets are subjected to various types of feelings and emotions. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, storage: { },{ 'All Intensive Purposes' or 'All Intents and Purposes'? { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, 'increment': 0.01, "authorizationFallbackResponse": { 'cap': true "authorizationTimeout": 10000 'Nip it in the butt' or 'Nip it in the bud'? See the full definition for accounting in the English Language Learners Dictionary, Thesaurus: All synonyms and antonyms for accounting, Nglish: Translation of accounting for Spanish Speakers, Britannica English: Translation of accounting for Arabic Speakers, Britannica.com: Encyclopedia article about accounting. }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, Learn some interesting things along the way largest Dictionary and get thousands more and! Of funds invested in a business by its owners, plus any retained accounting > meaning and explaining meaning. Business to anyone who wants to know other words, the debtor a. ): an accounting period ; accounting entity, you can keep of..., the corporate accounting definition statements and explaining the meaning of accounting an period. 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