BOOKKEEPING • DICTIONARY ONE.COM • Definition of Bookkeeping

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/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.

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Etymology of 'Bookkeeping'

Collaborative International Dictionary of English 0.48

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"Bookkeeping" Quotes from Famous Books

... mamma heard of these revolutionary sentiments she put her foot down. And Master Harley (who had conveniently been dropped a year from Harvard) was sent to learn French bookkeeping in the simpler civilization ...

— Pirate Gold • Frederic Jesup Stimson

... Gootes, "never argue with the chief. He has the makings of a firstclass apoplexy—I hope. You just keep squawking to the bookkeeping department and youll get further than coming up against the Old Man. Now let's go out and look ...

— Greener Than You Think • Ward Moore

... In fact I began to think myself lucky to hold the job I had for a gradual change of methods had been slowly going on in the office. Mechanical adding machines had cost a dozen men their jobs; a card system of bookkeeping had made it possible to discharge another dozen, while an off year in woollens sent two or three more flying, among them the man who had found me the position in the first place. But he hadn't married and he went out west somewhere. Occasionally ...

— One Way Out - A Middle-class New-Englander Emigrates to America • William Carleton

... Laura's duty to straighten out her father's books for him on that day, for although she was a high school girl, she was usually so well prepared in her studies that she could give the books proper attention weekly. Laura had taken a course in bookkeeping and she was quite familiar with the business of keeping a simple set of books ...

— The Girls of Central High Aiding the Red Cross - Or Amateur Theatricals for a Worthy Cause • Gertrude W. Morrison

... record of it, no witness other than himself, the other party, and the Almighty—for Charles Whitney believed in an Almighty God and an old-fashioned hell and a Day of Judgment. He conducted his religious bookkeeping precisely as he conducted his business bookkeeping, and was confident that he could escape hell as he had escaped ...

— The Second Generation • David Graham Phillips

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