Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Bookkeeping

n. The mechanical recording of debits and credits or the summarizing of financial information, usu. about a business enterprise. Cf. ACCOUNTING. double-entry bookkeeping. A method of bookkeeping in which every transaction recorded by a business involves one or more "debit" entries and one or more "credit" entries. 0 The debit entries must equal the credit entries for each transaction recorded.

double-entry bookkeeping

See BOOKKEEPING.

single-entry bookkeeping

See BOOKKEEPING .

single-entry bookkeeping.

A method of bookkeeping in which each transaction is recorded in a single record, such as a record of cash or credit accounts.