Bookkeeping

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Bookkeeping

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.

See: accounting, computation, registration
References in periodicals archive ?
The courses include flower arranging, introduction to being a teaching assistant, holiday Spanish, salsa dancing, book keeping, Egyptian dance, childcare, Pilates and guitar and recorder classes.
In the early morning hours of the summer, Wight begins his day by delegating jobs in the mill, mapping out the course of action for the coming week, organizing the manufacturing process and handling book keeping matters, before venturing outdoors to bale hay.
The enterprise agency provides three basic services: counselling for the unemployed--including such basics as how to write a CV--and for those in jobs who want to set up their own small enterprises; business skills training--from book keeping and VAT returns to marketing and computers--leading to National Vocational Qualification (NVQ) certificates; and support, including capital loans, to get `micro-businesses', of one to 25 employees, up and running.
The professional accounting and book keeping support from Intercontrollers Inc.