What is ACCOUNTING? Definition of ACCOUNTING in Black's Law Dictionary
An act or system of making up or settling accounts; a statement of account, or a debit and credit in financial transactions. Kansas City v. Burns, 137 Kan. 905, 22 P.2d 444.
Rendition of an account, either voluntarily or by order of a court. Buxton v. Edwards, 134 Mass. 567, 578. In the latter case, it imports a rendition of a judgment for the balance ascertained to be due. Apple v. Smith, 106 Kan. 717, 190 P. 8, 10. The term may include payment of the amount due. Pyatt v. Pyatt, 46 N.J.Eq. 285, 18 A. 1048.
More On This Topic:
ARTICLES
AUDIT
---
That's the definition of ACCOUNTING in Black's Law Dictionary - Courtesy of Cekhukum.com.
