double-entry bookkeeping

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Related to Double entry accounting: general ledger
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Noun1.double-entry bookkeeping - bookkeeper debits the transaction to one account and credits it to another
bookkeeping, clerking - the activity of recording business transactions
References in periodicals archive ?
Who is going to admit to the fact that we now unquestionably have an imprudent one, unless they can prove that two imprudent chancellors can make a prudent one by a bit of cross and double entry accounting that they seem so good at?
PKI will be as fundamental to the business process in the 21st century as Pacioli's double entry accounting system.
Just as the principle of double entry accounting states that for every debit there must be a corresponding credit, so communication requires two complementary actions: for every piece of outgoing information, someone somewhere must receive and understand the message.
Some have asserted that with the advent of computerized information systems, double entry accounting as we know it is no longer relevant - the concept of debits and credits is archaic and is used by few computerized accounting systems.
Tenders are invited for Providing chartered accountant firm services for implemention of double entry accounting system as per national municipal accounting manual (nmam)
Double entry accounting was invented during the Italian renaissance, by Venice merchants drawing on ideas from Eastern and Western mathematical systems.