double-entry bookkeeping

Noun

Meaning

bookkeeper debits the transaction to one account and credits it to another

Source: WordNet

Alternative names

double entry bookkeeping

Synonyms

Hypernyms

Examples

Accounting methods improved, partly through the use of double-entry bookkeeping ; letters of credit also appeared, allowing easy transmission of money. Source: Internet

Double-entry system main A double-entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts. Source: Internet

Close letter words and terms