Double-entry meaning

A method of bookkeeping in which a transaction is entered both as a debit to one account and a credit to another account, so that the totals of debits and credits are equal.
noun
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A system of bookkeeping in which every transaction is entered as both a debit and a credit in conformity with the underlying accounting equation which states that assets equal liabilities plus net worth.
noun
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Describing a method of bookkeeping in which each transaction is entered in two accounts, for debits and for credits.
adjective
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