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booking agent
booking clerk
booking office
Bookkeeping by double entry
Bookkeeping by single entry

bookkeeping definitions

WordNet (r) 3.0 (2005)

1: the activity of recording business transactions [syn: bookkeeping, clerking]

Merriam Webster's

noun see bookkeeper

Britannica Concise

Recording of the money values of business transactions. Bookkeeping provides the information from which accounts are prepared but is distinct from accounting. Bookkeeping offers information on both the current value, or equity, of an enterprise and on its change in value (due to profit or loss) over a given time period. Managers require such information to examine the results of operations and budget for the future; investors need it to make decisions about buying or selling securities; and credit grantors use it to determine whether to grant a loan. Financial records were kept in Babylon and in ancient Greece and Rome. The double-entry method of bookkeeping began with the development of the Italian commercial republics of the 15th cent. The Industrial Revolution stimulated the spread of bookkeeping, and 20th-cent. taxation and government regulations made it a necessity. Though bookkeeping has become increasingly computerized, two types of records continue to be used in the process--journals and ledgers. The journal contains daily transactions (sales, purchases, etc.); the ledger contains the record of individual accounts. Each month an income statement and a balance sheet are posted in the ledger.

Webster's 1913 Dictionary

Bookkeeping Book"keep`ing, 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 tha? the one entry may check the other; -- sometimes called, from the place of its origin, the Italian method.

Collin's Cobuild Dictionary

also book-keeping Bookkeeping is the job or activity of keeping an accurate record of the money that is spent and received by a business or other organization. (BUSINESS)


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