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Accounting is defined as:
the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results; also : the principles and procedures of accounting
a. work done in accounting or by accountants b : an instance of applied accounting or of the settling or presenting of accounts
"Accounting." Merriam-Webster.com. Merriam-Webster, n.d. Web. 27 Sept. 2016.