book-keeping


book-keeping
book-keeping ˈbook-ˌkeeping also book keeping noun [uncountable]
ACCOUNTING the recording of all the money received into and paid out from a business:

• Every business must have an accounts function where income and expenditure book-keeping is done.

ˌdouble entry ˈbook-keeping ACCOUNTING
the accounting system in which each transaction is recorded twice, as a debit in one account and as a credit in another. For example, a sale is recorded as a credit in one account and the money owed by the buyer is recorded as a debit in another:

• In double entry bookkeeping the total debits must equal the total credits and by adding the two a check can be made on the double entry.

ˌsingle entry ˈbook-keeping ACCOUNTING
the accounting system in which each transaction is recorded once in a single account, instead of being recorded as a debit in one account and as a credit in another

Financial and business terms. 2012.

Look at other dictionaries:

  • Book-keeping —   The business of keeping financial records. The process of analysing and recording transactions in the accounts of an automated system …   International financial encyclopaedia

  • book-keeping — The keeping of the books of account of a business. The records kept enable a profit and loss account and the balance sheet to be compiled. Most firms now use business software packages of programs to enable the books to be kept by computer …   Accounting dictionary

  • book-keeping — The keeping of the books of account of a business. The records kept enable a profit and loss account and the balance sheet to be compiled. Most firms now use business software packages of programs to enable the books to be kept by computer …   Big dictionary of business and management

  • book keeping — noun Maintaining the accounts, by written record in the books, or by electronic data entries …   Wiktionary

  • book-keeping — see bookkeeping …   English dictionary

  • book keeping — person who keeps a systematic record of business transactions …   English contemporary dictionary

  • BOOK-KEEPING — …   Useful english dictionary

  • book-keeping machine — buhalterinė mašina statusas T sritis automatika atitikmenys: angl. accounting machine; booking apparatus; book keeping machine; clerical machine vok. Büromaschine, f; Buchhaltungsmaschine, f; Buchungsmaschine, f rus. бухгалтерская машина, f pranc …   Automatikos terminų žodynas

  • double entry book-keeping — ➔ book keeping …   Financial and business terms

  • single entry book-keeping — ➔ book keeping …   Financial and business terms