double entry


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double entry

n.
A method of bookkeeping in which a transaction is entered both as a debit to one account and a credit to another account, so that the totals of debits and credits are equal.

double entry

n
(Accounting & Book-keeping)
a. a book-keeping system in which any commercial transaction is entered as a debit in one account and as a credit in another. Compare single entry
b. (as modifier): double-entry book-keeping.

dou′ble en′try


n.
a bookkeeping method in which each transaction is entered twice in the ledger, once to the debit of one account and once to the credit of another. Compare single entry.
[1715–25]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.double entry - bookkeeper debits the transaction to one account and credits it to another
bookkeeping, clerking - the activity of recording business transactions
References in classic literature ?
Formerly book-keeper at the Treasury, when that establishment kept its books by double entry, the Sieur Saillard was compensated for the loss of that position by his appointment as cashier of a ministry.
If he had taught me book-keeping by double entry and after the Italian method, as he did Lucy Bertram, I could teach you, Tom.
Today, the Sierra Club responded to the release of a bipartisan poll that found that sixty-eight percent of Americans oppose the Trump administrations plan to more than double entry fees at some of our nations most iconic national parks.
Single and double entry refer to which financial system?
The double entry journal strategy is a flexible strategy, able to be adapted to meet different learning and contextual needs.
In this respect, Professor Soll is, at the very least, inconsistent, particularly when dealing with Renaissance Italy, and especially in his material on Francesco di Marco Datini, the 14th and 15th century 'Merchant of Prato' and on Luca Pacioli, the first person to print a text on how to do double entry bookkeeping, in 1494.
The chronological narrative ends with the ominous forecast: "Through the way it values--or does not--the finite resources of our planet, double entry has the potential to make or break life on the earth" (249).
Pakistani Missions abroad have been authorized to grant tourist/visit visa for three months validity and stay with double entry and other.
Double entry accounting was invented during the Italian renaissance, by Venice merchants drawing on ideas from Eastern and Western mathematical systems.
Not only is Double Entry an exciting read, but the history lesson itself is worth the price.
Double entry, however, is a flawed jewel, susceptible to the manipulations of charlatans and the activities of high-class pickpockets.
The first signs that double entry would be equal to the task of monitoring and directing this new industrial world of factories, wage labour and large-scale capital investment were found in England, in the works of Her Majesty's potter, Josiah Wedgwood.