double entry

American  

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.

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double entry British  

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

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Other Word Forms

• double-entry adjective

Etymology

Origin of double entry

First recorded in 1715–25

Example Sentences

There’s also a double entry or multiple entry visa; that application costs $43.

From Salon

A wide porch leads to double entry doors.

From Washington Post

The principle of double entry is simple: every transaction is entered twice, as a credit and as a debit.

From Literature

A brick walkway leads to the 1977 brick house with its stately portico that shelters the double entry doors.

From Washington Post

It was named for the Medici Bank of Florence — a pioneer of the double entry bookkeeping that revolutionized money and banking in the Renaissance.

From New York Times