double-entry bookkeeping

Definitions

Accounting

• noun the most commonly used system of bookkeeping, based on the principle that every financial transaction is accounted for on both the credit and debit side of an account

Economics

• noun a method of bookkeeping in which both debit and credit entries are recorded in the accounts at the same time (e.g. as a sale is credited to the sales account, the purchaser’s debt is debited to the debtors account)

Nearby Definitions of “double-entry bookkeeping”

• Dorothy Jordan
• Dorset Garden Theatre
• dose
• dot
• double
• double-entry bookkeeping
• dough
• doughnut
• down
• drag
• dragon

Contexts for “double-entry bookkeeping”

2 definitions in context
• Accounting
• Economics