What is the definition of the word accuracy?
accuracy: the quality or state of being correct or precise
the ability to perform a task with precision
Thesaurus: correctness, precision, preciseness, exactness, exactitude, closeness, truth, truthfulness, literalness, veracity, realism, verisimilitude
Hope I helped! ^.^
To write about something in a detailed way is known as definition. To explain something and to tell what it is. Another meaning of the word definition is clarity -- as in the clearness of the edges or shape of an object that makes it easy to see. The official definition of the word definition is "a statement of the exact meaning of a word, especially in a dictionary."
Accounting accuracy is partially a myth. Accuracy can just mean precise down to the penny with no particular reference to anything. If the accounting number says you have $1M bucks but you have none then it is inaccurate. For something like the VALUE of inventory it is very difficult to say what the correct value is. Even it you say it is the market value -- which market? on what day? Accounting accuracy is a…