double entry (Meaning)
Wordnet
double entry (n)
bookkeeper debits the transaction to one account and credits it to another
Synonyms & Antonyms of double entry
No Synonyms and anytonyms found
double entry Sentence Examples
- Double entry bookkeeping involves recording each financial transaction in two different accounts.
- In a double-entry system, every debit must have a corresponding credit of the same amount.
- Double entry accounting helps businesses track their financial activities more accurately and easily.
- A double-entry system allows businesses to create a trial balance to ensure that all debits and credits are equal.
- Double entry accounting is a fundamental accounting principle that is used by businesses of all sizes.
- In a double-entry system, each account has two sides: a debit side and a credit side.
- Double entry bookkeeping helps businesses to maintain a complete and accurate record of their financial transactions.
- The double-entry system helps businesses to easily prepare financial statements, such as the income statement and balance sheet.
- Double entry accounting is a valuable tool for businesses to manage their finances and make informed decisions.
- Double-entry bookkeeping is a widely accepted and standardized accounting method used by businesses around the world.
FAQs About the word double entry
bookkeeper debits the transaction to one account and credits it to another
No synonyms found.
No antonyms found.
Double entry bookkeeping involves recording each financial transaction in two different accounts.
In a double-entry system, every debit must have a corresponding credit of the same amount.
Double entry accounting helps businesses track their financial activities more accurately and easily.
A double-entry system allows businesses to create a trial balance to ensure that all debits and credits are equal.
