These examples are programmatically compiled from various online sources to illustrate current usage of the word 'account for (someone or something).' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Nina Derwin, Woman's Day, 5 June 2023 See More The Internal Revenue Service requires taxpayers to choose an accounting. (account for something) to give an explanation for something bad that has happened, especially something that you are responsible for You will be brought before the disciplinary panel to account for your actions. Russ Wiles, The Arizona Republic, 10 June 2023 Be sure to account for these when estimating your future income and budget. Accounting Method: The accounting method is the method by which income and expenses are reported for taxation purposes. ![]() The poor weather may have accounted for the small crowd. Tim Carman, Washington Post, 14 June 2023 Answer: Americans have amassed an estimated $1.76 trillion in total student loans, of which federal loans account for $1.64 trillion or 93%, with loans from private lenders making up the rest, according to . to be the explanation or cause of something synonym explain. Evans, Scientific American, 15 June 2023 Check Steeze Burger’s Instagram account for pop-up locations: /steeze.burger. Women in Britain now account for almost half of the workforce. Se preguntaba cuál podría ser la causa de su tristeza. Lisa Song, ProPublica, 15 June 2023 The desalination, which is energy-intensive, would account for a much larger percentage of the total cost than drilling or pumping the water along the pipeline. She wondered what could account for his sadness. Rhea Mogul, CNN, 15 June 2023 And the math fails to account for the ethical questions of losing entire communities of complex and intelligent animals, said Campbell, who has consulted for both mining companies in the past. , 19 June 2023 The Meitei community, a largely Hindu ethnic group who account for about 50% of the state’s population, have for years campaigned to be recognized as a scheduled tribe. WIRED, 22 June 2023 Emissions from maritime transport account for about 3 percent of total global emissions from human activities. account for something phrasal verb with account verb T + obj + noun/adj formal uk / kant / us / kant / Add to word list to form the total of something: Students account for the vast majority of our customers. To discover more about a company's performance see our definition of balance sheet and financial report.Recent Examples on the Web Black residents account for 60 percent of the city’s sheltered homeless population, despite constituting 23 percent of the city’s population. But in extreme cases, auditors who fall down badly on the job can be sued by shareholders. The legal status of the audit varies, but in Common Law jurisdictions such as the US and Britain, the principle has been that the auditor is required only to verify that the accounts tally with the figures generated by the business, not that those figures themselves are necessarily accurate. In most jurisdictions, a business of any size, and certainly one offering its shares to the public, will be required to have it accounts audited by an accountant or a team of accountants. What you need to know about audited accounts. In the wake of a high-profile business failure, the performance of the auditor will often be called into question. (intransitive) To establish the location for someone. According to IAS 37, it is a contract in which unavoidable costs of fulfilling contractual obligations exceed economic benefits that are expected. ![]() The most common contra revenue accounts are the. (from 16th c.) Idleness accounts for poverty. International Accounting Standard IAS 37 guides on the definition and accounting treatment of onerous contracts. Contra revenue generally carries a debit balance, rather than the credit balance seen in normal revenue. By contrast, the 'preliminary' profit or loss figures released by companies are called 'unaudited results'. (intransitive) To give a satisfactory reason for to explain. Shareholders receive copies of the audited accounts of companies in which they have invested. A guide to accounting for leases Written by Tim Vipond Published SeptemUpdated JWhat is a Lease Leases are contracts in which the property/asset owner allows another party to use the property/asset in exchange for some consideration, usually money or other assets. Where have you heard about audited accounts? ![]() If all is well, the auditor will state that the accounts give a "true and fair" picture of the company's affairs. The categories into which transactions are classified are called accounts, and, as you have seen, there are three broad categories: assets, liabilities, and. When the financial results which a company compiles have been checked by an accountant qualified to conduct an audit, known as an auditor, they are known as audited accounts.
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