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English definition of “single-entry bookkeeping”

single-entry bookkeeping

noun [U]     ACCOUNTING
a simple system of recording the money spent or received by a small business or organization in one account: A checkbook is a single-entry bookkeeping system where one entry is made for each deposit or check written. → Compare double entry bookkeeping
(Definition of single-entry bookkeeping noun from the Cambridge Business English Dictionary © Cambridge University Press)
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