Definitions for "Double-Entry Bookkeeping"
The system of bookkeeping based on the principle that every financial transaction involves the simultaneous receiving and giving of value, and is therefore recorded twice.
An accounting technique which records each transaction as both a credit and a debit. see also bookkeeping, single-entry bookkeeping.
records the dual effect of every transaction: a value both received and paid.
Involves the maintaining of a balance between assets on the one hand, liabilities, and fund equities on the other.