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double entry
noun
a method in which each transaction is entered twice in the ledger, once to the debit of one account, and once to the credit of another.
double entry
noun
a book-keeping system in which any commercial transaction is entered as a debit in one account and as a credit in another Compare single entry
( as modifier )
double-entry book-keeping
Other Word Forms
- double-entry adjective
Word History and Origins
Origin of double entry1
Example Sentences
There’s also a double entry or multiple entry visa; that application costs $43.
A wide porch leads to double entry doors.
The principle of double entry is simple: every transaction is entered twice, as a credit and as a debit.
A brick walkway leads to the 1977 brick house with its stately portico that shelters the double entry doors.
It was named for the Medici Bank of Florence — a pioneer of the double entry bookkeeping that revolutionized money and banking in the Renaissance.
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