An accounting technique that records each transaction as both a credit and a debit. The credit entries show the source of the financing, and the debit entries represent the use of that finance. Since each credit has one or more corresponding debits (and vice versa), double-entry bookkeeping always results in a set of 'balanced ledger' accounts
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(from the article `balance of payments`) systematic record of all economic transactions between residents of one country and residents of other countries (including the governments). The ... ...civilization with a commercial background. Records of commercial contracts have been found in the ruins of Babylon, and accounts for both farms ...
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http://www.britannica.com/eb/a-z/d/69
Accounting method that records each transaction as both a credit and a debit in different accounts.
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http://www.duke.edu/~charvey/Classes/wpg/bfglosd.htm
An accounting method which results in balanced ledgers, i.e., for every transaction a credit is recorded in one account and a debit is recorded in another.
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http://www.encyclo.co.uk/local/22643
The method of recording financial transactions whereby every item is entered as a debit in one account and a corresponding credit in another.
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An accounting technique that records each transaction as both a credit and a debit. Credit entries... <a target=_blank href='http://www.finance-glossary.com/terms/double-entry-bookkeeping.htm?id=12807&ginPtrCode=00000&PopupMode=false' title='Read full definition of double entry bookkeeping'>more</a>
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- Method of recording financial transactions in which each transaction is entered in two or more accounts and involves two-way, self-balancing posting. Total DEBITS must equal total CREDITS.
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https://www.encyclo.co.uk/local/21071
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