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bookkeeping

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bookkeeping


  2  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Bookkeeping  \Book"keep`ing\,  n. 
  The  art  of  recording  pecuniary  or  business  transactions  in  a 
  regular  and  systematic  manner,  so  as  to  show  their  relation 
  to  each  other  and  the  state  of  the  business  in  which  they 
  occur;  the  art  of  keeping  accounts.  The  books  commonly  used 
  are  a  daybook,  cashbook,  journal,  and  ledger.  See  {Daybook}, 
  {Cashbook},  {Journal},  and  {Ledger}. 
 
  {Bookkeeping  by  single  entry},  the  method  of  keeping  books  by 
  carrying  the  record  of  each  transaction  to  the  debit  or 
  credit  of  a  single  account. 
 
  {Bookkeeping  by  double  entry},  a  mode  of  bookkeeping  in  which 
  two  entries  of  every  transaction  are  carried  to  the 
  ledger,  one  to  the  Dr.,  or  left  hand,  side  of  one  account, 
  and  the  other  to  the  Cr.,  or  right  hand,  side  of  a 
  corresponding  account,  in  order  tha?  the  one  entry  may 
  check  the  other  --  sometimes  called  from  the  place  of 
  its  origin,  the  Italian  method. 
 
  From  WordNet  r  1.6  [wn]: 
 
  bookkeeping 
  n  :  the  activity  of  recording  business  transactions  [syn:  {clerking}] 




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