Definition of double-entry in English:

double-entry

Line breaks: double-entry

adjective

  • Denoting a system of bookkeeping in which each transaction is entered as a debit in one account and a credit in another.
    More example sentences
    • The general statements formulated by these companies followed not the double-entry system, but the Venetian style of credits and debits.
    • The idea behind a double-entry system is that there is a debit from an account and a credit to an account for each transaction.
    • This process led ultimately to the advent of the full double-entry system of accounting that has been a fundamental support to the management and study of business for over five hundred years.

More definitions of double-entry

Definition of double-entry in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day milord
Pronunciation: mɪˈlɔːd
noun
used to address an English nobleman