double-entry bookkeeping

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Related to double-entry bookkeeping: Book keeping
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  • noun

Synonyms for double-entry bookkeeping

bookkeeper debits the transaction to one account and credits it to another


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References in periodicals archive ?
Overall, accounting history research focused on topics such as the origins of double-entry bookkeeping, accountings role in the rise of capitalism, biography, the emergence and evolution of cost accounting practices, and how some industries contributed to the development of accounting practices and theory.
While the concept of a high-fidelity journal is an idea as old as double-entry bookkeeping, new technology means dramatic changes for the CPA of tomorrow.
However, in order to give value to this content, the importance of Pacioli in the development of double-entry bookkeeping is exaggerated.
According to historical studies of contemporary accounting, the balance sheet originated in the West, derived from the balance of accounts procedure in double-entry bookkeeping.
In Chapter Four, Dyer analyzes Heritage's business, beginning with his method of accounting; it was an improvement over the charge/discharge accounting of the manorial system but less sophisticated than the double-entry bookkeeping introduced in England late in his career.
The extent of unfairness felt within the culture could actually be quantified using new methods of accounting, especially the technique of double-entry bookkeeping recently imported from Italy.
She argues that without double-entry bookkeeping you wouldn't have had capitalism and without capitalism you mightn't have had double-entry bookkeeping.
Unlike more complicated invoicing softwares, Turbo Invoicer is extremely easy to use and does not require knowledge of accounting and double-entry bookkeeping.
In addition, if those responsible for double-entry bookkeeping do not practice what is required, they will be subject to more tax with halved tax reduction for essential business expenses.
According to Wikipedia, a web-based encyclopedia, the double-entry bookkeeping system was codified in the 15th century and refers to a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different accounts.
Later, double-entry bookkeeping was introduced by adding impersonal accounts to the existing personal accounts.
Not only does bookkeeping constitute a "branch" of accounting, but our system of double-entry bookkeeping undergirds modern financial accounting.
King takes a principles-based approach to history, focusing on the big and controversial ideas that have transformed accounting, from the invention of double-entry bookkeeping in the 15th century to the expensing of stock options this year under FASB Statement no.
This extensive legal system also included bills of lading and, in time, double-entry bookkeeping.
Fourteenth century Italian merchants are credited with developing double-entry bookkeeping, the system of recording each business transaction twice that's still used today.