a system of accounting in which every transaction is recorded in at least two accounts and in which the debit total must equal the credit total for the transaction as a whole
bookkeeper debits the transaction to one account and credits it to another
A system that accounts for both aspects of a transaction, namely where it came from and where it went.
An accounting system where every debit made to one account has a corresponding credit made to another account.
Method of recording financial transactions in which each transaction is entered in two or more accounts and involves two-way, self-balancing posting. Total DEBITS must equal total CREDITS.
An accounting system based on the premise that for every debit there must be an equal corresponding credit; all transactions are posted twice.