Accounting Definition–noun | 1. | 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. (distinguished from bookkeeping). |
| 2. | a detailed report of the financial state or transactions of a person or entity: an accounting of the estate. |
| 3. | the rendering or submission of such a report. |
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From Dictionary
Principle Definition–noun | 1. | an accepted or professed rule of action or conduct: a person of good moral principles. |
| 2. | a fundamental, primary, or general law or truth from which others are derived: the principles of modern physics. |
| 3. | a fundamental doctrine or tenet; a distinctive ruling opinion: the principles of the Stoics. |
| 4. | principles, a personal or specific basis of conduct or management: to adhere to one's principles; a kindergarten run on modern principles. |
| 5. | guiding sense of the requirements and obligations of right conduct: a person of principle. |
| 6. | an adopted rule or method for application in action: a working principle for general use. |
| 7. | a rule or law exemplified in natural phenomena, the construction or operation of a machine, the working of a system, or the like: the principle of capillary attraction. |
| 8. | the method of formation, operation, or procedure exhibited in a given case: a community organized on the patriarchal principle. |
| 9. | a determining characteristic of something; essential quality. |
| 10. | an originating or actuating agency or force: growth is the principle of life. |
| 11. | an actuating agency in the mind or character, as an instinct, faculty, or natural tendency: the principles of human behavior. |
| 12. | Chemistry. a constituent of a substance, esp. one giving to it some distinctive quality or effect. |
| 13. | Obsolete. beginning or commencement. |
—Idioms| 14. | in principle, in essence or substance; fundamentally: to accept a plan in principle. |
| 15. | on principle, | a. | accordin
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g to personal rules for right conduct; as a matter of moral principle: He refused on principle to agree to the terms of the treaty. |
| b. | according to a fixed rule, method, or practice: He drank hot milk every night on principle. |
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From Dictionary
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Related topics from Ask NewsNod for new accounting system
The Hindu - Found Jul. 3, 2008
... pondent NEW DELHI: The Union Government has accepted, in-principle, to move gradually from cash to accrual basis of accounting wherein revenues ...
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Manilla Standard - Found 49 minutes ago
The [Monetasry Board has approved in principle the ADBs $300-million loan ... It is the fifth largest borrower, accounting for about 7 percent of ...
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CHTDSB Cnhubei - Found 3 hours ago
(8) Principles governing the handling of finance, accounting and auditing;
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The Market Oracle - Found 7 hours ago
... like Senator Richard Shelby, who stand firm on principle and don't ... (Editor: In other words, no more Enron-type accounting mumbo-jumbo and ...
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The Gold Standard Strikes Back...
Safe Haven - Found 10 hours ago
... based on the principle of limited and enumerated powers. The principle ... There was no need for them. Barbarous relic or accounting tool?
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Flushing your toilet with drinking water? Dual flush toilets/grey ...
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JustArticles.net - Found 18 hours ago
... to detail." Paying attention to detail is a guiding principle for William ... Accounting seemed like a career that would give him exposure to ...
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QSGI Dismisses Rubin Brown LLL As Independent ...
Citybizlist - Found Sep. 26, 2008
... an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principle.
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Ailing global economy needs global solution
The Housing Bailout: Constitutional Infirmities Remain, but a Ray of ...
Heritage Foundation - Found Sep. 27, 2008
... for its shortcomings in adherence to fundamental principle. ... would enact a variety of regulatory changes: revision to the accounting of ...
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