BOOKKEEPING • FREE TRANSLATOR.ORG • Definition of Bookkeeping

Add this Dictionary
to your website!
See more options...

/bˈʊkkˌipɪŋ/ Listen

noun

Bookkeeping n. The art of recording pecuniary or business transactions in a regular and systematic manner, so as to show their relation to each other, and the state of the business in which they occur; the art of keeping accounts. The books commonly used are a daybook, cashbook, journal, and ledger. See Daybook, Cashbook, Journal, and Ledger.

Bookkeeping by single entry, the method of keeping books by carrying the record of each transaction to the debit or credit of a single account.

Bookkeeping by double entry, a mode of bookkeeping in which two entries of every transaction are carried to the ledger, one to the Dr., or left hand, side of one account, and the other to the Cr., or right hand, side of a corresponding account, in order that the one entry may check the other; sometimes called, from the place of its origin, the Italian method.

See images of 'Bookkeeping'

Etymology of 'Bookkeeping'

Collaborative International Dictionary of English 0.48

Share |

"Bookkeeping" Quotes from Famous Books

... spirits. Downstairs a serious-looking lady met me and entered in a book a number of salient facts regarding my personality which the previous investigators had somehow overlooked. There is a lot of bookkeeping about an operation. This detail attended to, a young man, dressed in white garments and wearing an expression that stamped him as one who had suffered a recent deep bereavement came and relieved me of my hand ...

— "Speaking of Operations--" • Irvin S. Cobb

... than ever of a young head on old shoulders, the old ladies no longer paused at the bureau to exchange the news with Madame or even with her black-haired bookkeeping daughter. No more lounging against the newel under the carved torch-bearer, while the journalist of the fourth floor spat at the Dreyfusites, and the poet of the entresol threw versified vitriol at perfidious Albion. For the first ...

— The Grey Wig: Stories and Novelettes • Israel Zangwill

... I have ever had the pleasure of examining as a member of this Auditing Committee on which I have been several times. And I think a testimonial is due our Treasurer, Mr. Carl Prell, who has combined the rare talents of bookkeeping and comparative reporting. ...

— Northern Nut Growers Association Report of the Proceedings at the 44th Annual Meeting • Various

... impressed, by her beauty, her accessibility and his own incredible position of having something to accord. But he had a system of mental bookkeeping. There were persons who asked favours of him, whom he put down as debtors. "Make 'em pay," was his mentally jotted note. If he did them an obliging turn, he kept his memory alert to require the equivalent at some other time. ...

— The Prisoner • Alice Brown

... folding circulars, addressing envelopes and doing such work. Her parents were poor. She had the most meagre education, and the outlook for her to earn more was dark. Some one advised her to go to Temple College at night and study bookkeeping. A few years after, her well-wisher saw her one evening at the college, bright, happy, a different girl in both dress and deportment She had a position as bookkeeper at $10 a week and was going on now and ...

— Russell H. Conwell • Agnes Rush Burr

More quotes...