accountancy

Definitions of accountancy
1

n the occupation of maintaining and auditing records and preparing financial reports for a business

Synonyms:
accounting
Types:
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cost accounting
keeping account of the costs of items in production
bookkeeping, clerking
the activity of recording business transactions
inventory accounting
accounting that controls and evaluates inventory
costing
cost accounting
single entry, single-entry bookkeeping
a simple bookkeeping system; transactions are entered in only one account
double entry, double-entry bookkeeping
bookkeeper debits the transaction to one account and credits it to another
FIFO, first in first out
inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
LIFO, last in first out
inventory accounting in which the most recently acquired items are assumed to be the first sold
Type of:
business, job, line, line of work, occupation
the principal activity in your life that you do to earn money

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