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Bookkeeping
(redirected from Bookeeping)

   Also found in: Encyclopedia, Wikipedia 0.12 sec.

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.



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The Comite, an anti-poverty advocacy group, engaged a volunteer, an unemployed person, bookeeping and other clerical services in 2001.
CBS's Dan Rather offered a two-line news-read drily announcing the plan and then led into the day's White House report: a feature detailing how Clinton had cunningly evaded his pledge to cut the White House staff by 25 percent through a bookeeping maneuver.
 
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