What does the cryptic crossword clue "Old fish market's scandal over presentation of accounts? (12)" mean?

The definition is "Old fish market". The wordplay uses a charade (building blocks). BILLINGS (synonym="presentation of accounts") + GATE (synonym="scandal, after Watergate") = BILLINGSGATE; definition: "Old fish market's" The answer is BILLINGSGATE.

Old fish market's scandal over presentation of accounts? (12)

Times Cryptic #29078 | 11 Down | 2024-11-19 flower

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