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English definition of “bookkeeping”

bookkeeping

noun [U] (also book-keeping)     /ˈbʊkˌkiːpɪŋ/ ACCOUNTING
the activity of keeping records of all the money a company spends and receives : The company said many of the problems arose from insufficient controls over its bookkeeping. Auditors uncovered 53 bookkeeping errors . → See also double entry bookkeeping, single-entry bookkeeping
(Definition of bookkeeping noun from the Cambridge Business English Dictionary © Cambridge University Press)
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