Focus on the pronunciation of double entry bookkeeping
English definition of “double entry bookkeeping”
double entry bookkeeping
noun [U] (also double entry accounting) ACCOUNTING
› the most commonly used system of recording financial information, in which each amount spent or received is recorded twice. For example, an amount a company spends to buy supplies is recorded as a debit to the company in one account and as a credit to the seller of the supplies in another account: Double entry bookkeeping, where each debit has a corresponding credit entry, will be used, which provides an arithmetic check of the books.