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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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(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.
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||double entry - bookkeeper debits the transaction to one account and credits it to another|
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.