Accounting vs Settlement - What's the difference?
accounting | settlement |
(accounting) The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
A relaying of events; justification of actions.
The state of being settled.
A colony that is newly established; a place or region newly settled.
A community of people living together, such as a hamlet, village, town, or city.
(architecture) The gradual sinking of a building. Fractures or dislocations caused by settlement.
(finance) The delivery of goods by the seller and payment for them by the buyer, under a previously agreed trade or transaction or contract entered into.
(legal) A disposition of property, or the act of granting it.
(legal) A settled place of abode; residence; a right growing out of legal residence.
(legal) A resolution of a dispute.
As nouns the difference between accounting and settlement
is that accounting is the development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization while settlement is the state of being settled.As a verb accounting
is present participle of lang=en.accounting
English
Verb
(head)Noun
(wikipedia accounting) (-)- He was required to give a thorough accounting of his time.