double entry


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Related to double entry: trial balance

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.
The DocWin interface expedites processing while eliminating the risk of double entry errors in two separate applications.
The Patsy Byrne Handicap Hurdle sees Christy Roche holding a strong double entry, top weight Afarad and Rith Dubh.
Tenders are invited for Work of data entry of daily account as per double entry system for chandrapur city municipal corporation
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.
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.
DataCare recognized the needless double entry of billing and invoicing information and set out to save our customers that hassle.
That double entry played an enormous role in the development of capitalism, then the rise of the accounting profession and now, which is the wonderfully humane and moving climax to her book, the accountants may either save us or doom us to extinction.