Definition of double-entry in English:

double-entry

adjective

  • [attributive] Denoting a system of bookkeeping in which each transaction is entered as a debit in one account and a credit in another.

    • ‘The general statements formulated by these companies followed not the double-entry system, but the Venetian style of credits and debits.’
    • ‘She was appalled to discover that the accounting system did not even run to double-entry book keeping and refused to sign off the 2001 accounts.’
    • ‘This system showed several ideas that with further development would allow Italian accounting records to move on to the formulation of the double-entry system.’
    • ‘That's the beauty of the double-entry bookkeeping system.’
    • ‘However, he is concerned that only financial measures can be recorded in this manner, leaving other important attributes to be captured outside the double-entry system.’
    • ‘On several occasions, the three commissioners vindicated, justified and defended the double-entry system.’
    • ‘This paper presents an analysis of the development of this accounting system and the accounting practices associated with the implementation of the double-entry bookkeeping system.’
    • ‘Undoubtedly, this increasingly common practice was a precursor to the widespread adoption of the double-entry system.’
    • ‘These documents include accounting records which appear to offer some vital clues relevant to the emergence of the double-entry system of accounting.’
    • ‘After several unfruitful attempts to exercise greater control over his revenue streams, the King finally introduced reforms in 1788 to both centralise the Treasury and to use double-entry bookkeeping.’
    • ‘Just as businesses use the processes of double-entry bookkeeping, internal audits, and external audits to secure their financials, businesses need to use a series of security processes to protect their networks.’
    • ‘The idea behind a double-entry system is that there is a debit from an account and a credit to an account for each transaction.’
    • ‘In this sense, it is also a liability, ‘a double-entry system’, a continued exchange of favours between the two parties involved.’
    • ‘Accordingly, it seems unlikely to have been a coincidence that the first application of the double-entry bookkeeping system took place at a time when he was closely involved with the House.’
    • ‘This was a primitive double-entry system with two main advantages.’
    • ‘This process led ultimately to the advent of the full double-entry system of accounting that has been a fundamental support to the management and study of business for over five hundred years.’
    • ‘The study provides a fourteenth century illustration of the emergence of an ante double-entry system which only partially secured equality between the debits and credits of transactions.’
    • ‘In addition, there was a further rationale for the application of the double-entry system to the possessions of the deceased.’
    • ‘Yet, the research reported here adds to other recent findings which suggest that Spain was one of the most important promoters of the double-entry system of accounting.’
    • ‘He makes insightful and bold observations, noting that many studies in accounting history have focused too narrowly on the search for the origin of double-entry bookkeeping.’

Pronunciation:

double-entry

/dəbəlˈentrē/