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."
123 counter files had double entry of NICs while 333 NICs were not belonging to the constituency.
Existing ERP systems are integrated as well, so double entry of existing information is avoided.
The BJMP XI has 1,090 registered voters but only 804 were able to vote due to double entry, name discrepancy, and some opted to waive their right.
DOUBLE ENTRY Apple's Jade is among the acceptors for both Champion Hurdle and OLBG at Cheltenham on Tuesday
Dr Ansari announced implementing double entry system in the registrar office soon.
De La Serna said the error was due to a double entry of accounts for P 4.1 billion in one of their regional office.
Acting PML-N Sindh President,Shah Muhammad Shah said that Shehbaz Sharif's double entry in Sindh in a week-time has unnerved the opponent parties.
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.