DOUBLE ENTRY Definition & Meaning

double entry

Bookkeeping.

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

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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First recorded in 1715–25

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Examples have not been reviewed.

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

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A wide porch leads to double entry doors.

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

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

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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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