Bookkeeping(redirected from Balance books)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to Balance books: balance sheet
The process of systematically and methodically recording the financial accounts and transactions of an entity.
Double-entry bookkeeping is an accounting system that requires that for every financial transaction there must be a debit and a credit. When merchandise is sold for cost, there is a debit to cash and a credit to sales.