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Related to double entry: trial balance
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.
(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.
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.