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bookkeeping |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia | 0.01 sec. |
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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 also: accounting, computation, registration Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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