double-entry bookkeeping


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Related to double-entry bookkeeping: Book keeping
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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 ?
Furthermore, studies examining the origins of double-entry bookkeeping focused on wider contexts that witnessed the publication of Pacioli's Summa, as well as its technical underpinnings (Williams, 1978; Antinori, 1994; Hernandez Esteve, 1994).
The simple definition of fintech is the application of innovative technology to financial services and actually goes back to invention of double-entry bookkeeping.
Ever since the double-entry bookkeeping system was created in 1340, accountants and business owners have been focused on the fidelity of financial reporting systems.
The commercial double-entry bookkeeping (Doppik), introduced in 2010, has to be continued and an old data transfer of all mobile data from the CIP solution has to be carried out.
The fact is, corporate reports today are practically identical to those published a century ago, mirroring the 600-year survival of double-entry bookkeeping.
One plus with double-entry bookkeeping software is that for each credit you input, the software automatically includes the corresponding debit, and vice versa.
This delightful book is based on the false premise that the work of Luca Pacioli on double-entry bookkeeping in the fifteenth century could somehow "make or break the planet" today (226).
1) The appearance of this statement can be traced to the birth of double-entry bookkeeping in Venice, Italy in the fifteenth century [Littleton, 1933].
Double-entry bookkeeping enabled more accurate financial records to be maintained and allowed investors to scrutinise the costs and revenues of the expeditions.
Other popular candidates are metalworking, reasoning, double-entry bookkeeping, relativity and electronic communications.
The Italian Renaissance was founded upon the development of double-entry bookkeeping that facilitated the growth of the great trading houses of northern Italy, thereby creating successful merchant families such as the Medici.
Chapters outline the basics of financial recordkeeping (including single-entry and double-entry bookkeeping, daybooks and ledgers, and more), income statements, the format and content of a balance sheet, marginal costing and decision making, budgeting, capital investment and appraisal, an introduction to limited companies, accounting standards, and much more.