English version

double entry book-keeping

From Longman Business Dictionarydouble entry book-keepingˌdouble entry ˈbook-keepingACCOUNTING the accounting system in which each TRANSACTION is recorded twice, as a DEBIT in one account and as a CREDIT in another. For example, a sale is recorded as a credit in one account and the money owed by the buyer is recorded as a debit in anotherIn double entry bookkeeping the total debits must equal the total credits and by adding the two a check can be made on the double entry. book-keeping
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