double bookkeeping
- noun
- /ˈdʌbəl ˈbʊkˌkiːpɪŋ/
- Specialized
:
contabilidad por partida doble
- In the double bookkeeping system, the credits and debits are also counted.
Examples
-
The accountant used double bookkeeping to verify that each transaction was accurately recorded.
-
With double bookkeeping, discrepancies between accounts can be easily identified and corrected.
-
Due to the complexity of finances, many businesses rely on double bookkeeping to prevent errors.
Synonyms
1
4.2
A bookkeeping system that records every transaction as a debit in one account and a credit in another
1
5.1
A bookkeeping system that records each transaction twice to keep accounts balanced
Antonyms
- Specialized
A simple bookkeeping method that records only one side of each transaction
How Automated
- Specialized
57
4.3
- Specialized
- Specialized
4
3.1
- Specialized
5
2.1
Surface Forms
Morphology
The meaning is directly built from 'double' (twice) + 'bookkeeping' (keeping financial records), so a learner who knows both words can infer it refers to bookkeeping performed in a twofold way. While detailed accounting concepts (debits/credits) are technical, the basic idea of recording transactions twice to ensure accuracy is compositional and readily comprehensible.
Etymology
Double bookkeeping comes from the simple image of writing each money transaction twice: double means two times and bookkeeping means keeping financial records. One entry is a 'debit' and the other a 'credit', so writing both makes it easier to spot mistakes and keep the records accurate.