Meaning Of The Word Double entry

Real Dictionary
  1. Real Dictionary
  2. D Words Definitions
  3. Section D-296
  4. Double entry

What's the definition of Double entry? Find Double entry meanings, definitions and more at the Real Dictionary online.

Double entry Meaning

Double entry Definition
Double entry Definition

What's The Definition Of Double entry?

double entry in Accounting
noun: Double entry is a bookkeeping system in which all transactions are entered in two places, as a debit in one account and as a credit in another.

double entry in American English
a system of bookkeeping in which every transaction is entered as both a debit and a credit in conformity with the underlying accounting equation which states that assets equal liabilities plus net worth
noun: a 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

double entry in British English
noun: a book-keeping system in which any commercial transaction is entered as a debit in one account and as a credit in another

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