double entry

noun, Bookkeeping.
1.
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.
Compare single entry.
Origin
1715-25
Related forms
double-entry, adjective
Examples from the web for double entry
  • There's a bit more to business curricula than double entry bookkeeping and keyboarding.
  • The double entry is the traditional method in which the debit and credit entries are input separately into the system.
  • The district uses a double entry accounting system and incorporates a journal and general ledger.
British Dictionary definitions for double entry

double entry

noun
1.
  1. 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
  2. (as modifier): double-entry book-keeping