Definition of Bookkeeping by double entry. Meaning of Bookkeeping by double entry. Synonyms of Bookkeeping by double entry

Here you will find one or more explanations in English for the word Bookkeeping by double entry. Also in the bottom left of the page several parts of wikipedia pages related to the word Bookkeeping by double entry and, of course, Bookkeeping by double entry synonyms and on the right images related to the word Bookkeeping by double entry.

Definition of Bookkeeping by double entry

Bookkeeping by double entry
Bookkeeping Book"keep`ing, n. The art of recording pecuniary or business transactions in a regular and systematic manner, so as to show their relation to each other, and the state of the business in which they occur; the art of keeping accounts. The books commonly used are a daybook, cashbook, journal, and ledger. See Daybook, Cashbook, Journal, and Ledger. Bookkeeping by single entry, the method of keeping books by carrying the record of each transaction to the debit or credit of a single account. Bookkeeping by double entry, a mode of bookkeeping in which two entries of every transaction are carried to the ledger, one to the Dr., or left hand, side of one account, and the other to the Cr., or right hand, side of a corresponding account, in order tha? the one entry may check the other; -- sometimes called, from the place of its origin, the Italian method.

Meaning of Bookkeeping by double entry from wikipedia

- Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial...
- Single-entry bookkeeping, also known as, single-entry accounting, is a method of bookkeeping that relies on a one-sided accounting entry to maintain financial...
- by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping...
- to double-entry bookkeeping, the method favored by the worldwide financial accounting system. There are changes with regular double-entry bookkeeping that...
- also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone of accounting science. Like any equation...
- recognized as The Father of accounting and bookkeeping was the first person to publish a work on double-entry bookkeeping, and introduced the field in Italy....
- Double-entry bookkeeping system Debits and credits Single-entry bookkeeping system Trial balance Trade Accounting terms "Accounting journal entries"...
- distinguished from any contribution by the shareholders. Bookkeeping Chart of accounts Double-entry bookkeeping system John Downes, Jordon Elliot Goodman...
- credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an...
- general ledger or a subsidiary ledger. It is where double-entry bookkeeping entries are recorded by debiting one or more accounts and crediting another...