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double entry

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double entry

–noun Bookkeeping.
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.
Compare single entry.


Origin:
1715–25


double-entry, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To double entry
double entry  
n.  A method of bookkeeping in which a transaction is entered both as a debit to one account and a credit to another account, so that the totals of debits and credits are equal.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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