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.

References in periodicals archive ?
The organizers intended to make the institute an educational vehicle to promulgate the "science of accounts." In 1880, Charles Sprague published his paper on "accountics," the mathematical science of values, which included the first accounting equation in print in the U.S., in The Book-Keeper, and the institute became the main forum for the development and instruction in the science of accounts.
Dr Campbell was married when he had an affair with young book-keeper Mary Smith in England and fathered Rowling's grandmother, Freda.
Their book-keeper submitted company accounts showing a pounds 21m turnover when the actual amount was pounds 11m.
Kirkheaton-born Albert was working as a book-keeper at Percy Keep's garage in Huddersfield.
Working from a small but friendly office in the Jewellery Quarter's Big Peg building, book-keeper Chris Baker doesn't offer much in the way of glamour.
A LAWYER and book-keeper linked to runaway conman Michael Voudouri were found guilty of money laundering yesterday.
A BOOK-KEEPER who had three online gambling accounts is alleged to have plundered about pounds 135,000 from her employers.
A GOLF club book-keeper has been jailed for 12 months after stealing more than pounds 43,000.
Mother-of- two Lisa works as a professional book-keeper with Coxeys, a Wrexham firm of chartered accountants, who also do the payroll for the club's staff.
A KINGSWINFORD former book-keeper who said she was left to run a firm while her boss lived in Wales, has been awarded more than pounds 12,000 after he sacked her without reason during one of his fortnightly visits.
A book-keeper swindled more than pounds 4,000 from her bosses and spent the cash on gifts for her dying dad.
His extraordinary life perhaps hints at the career of his extraordinary great-granddaughter Rowling's grandmother Louisa Caroline Watts Smith, renamed Freda by her adoptive parents, was born on May 16, 1916, at a private nursing home in London to Mary Smith, a book-keeper.