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 ?
A complete report on the meeting was printed in/be Book-Keeper on May 9, 1882.
Sadler's book-keeper, Christine Eggleton, 51, from Rubery, West Midlands, also admitted theft of pounds 2.
She worked as a book-keeper in her husband s business, at Worcester City Hall and retired from State Mutual Life Insurance Company.
BOOK-KEEPER Fiona McDonald thought she was getting a great deal from online firm Redsave.
Book-keeper Hugh Jones, 47, invented a phantom worker who was paid for six years to support his 'demanding wife'.
The 41-year-old from Kingshurst worked as a book-keeper before being made redundant but for many years harboured the ambition of launching his own fashion business.
Melanie is a book-keeper and Graham is a sales engineer and they have two sons, Danny and his older brother Jack, who is eight.
A SWINDLING book-keeper was given a 12-month prison sentence yesterday after a court heard he fiddled almost pounds 15,000 from a Coventry firm.
THE grieving parents of a murdered book-keeper said their ordeal continues as her "deceitful and controlling" former lover faces a life sentence for the killing.
A BOOK-KEEPER who had three online gambling accounts is alleged to have plundered about pounds 135,000 from her employers.
About 100 volunteers have been drafted in to scour the countryside where police believe the 38-year-old book-keeper was buried.
A BOOK-keeper jailed for stealing almost pounds 800,000 from his firm and buying Japanese toys has been ordered to pay back more than pounds 150,000.