accounting
Pronunciation: [/əˈkaʊn.tɪŋ/]
Word
Context: “business”
(noun) the process of keeping financial records and preparing financial statements for a company or organization. It involves tracking money coming in and going out.
Example
She studied accounting in college and now works as a financial analyst.
Example
Without proper accounting, it's difficult to know if a business is making a profit or not.
Example
Why is accounting important for businesses?
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