Double entry definition

Double entry means entry of two or more greyhounds in the same race from the same kennel or same owner that are separate wagering interests.
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Double entry accounting means a system of accounting in which every transaction has a corresponding positive and negative entry (debit and credit);
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Examples of Double entry in a sentence

  • Double entry should be avoided and the owner of the data should be clearly identified.

  • Hence it is rarely used.(4) Double entry system – Under it, every entry is recorded at two sides of the account so that the effect on each side of the account may remain equal.

  • Knowledge of some important information regarding business: In Double entry system, real and nominal accounts are also maintained together with personal accounts.

  • Double entry system is based on the principle of “Dual Aspect” which states that every transaction has two effects, viz.

  • Introduction to the accounting concepts and conventions, Double entry Book keeping, Different kinds of accounts.

  • Double entry accounting system was not introduced in any of the selected Municipal Councils.

  • Being a complete and scientific method, it is widely used and is more popular.CONCEPT OF DOUBLE ENTRY SYSTEMThere are many systems of presenting business transactions in accounting books e.g., Mahajani system, Cash system, Double entry system etc.

  • UNIT- I:Introduction to Accounting: Importance, Objectives and Principles, Accounting Concepts and conventions, and The Generally Accepted Accounting Principles (GAAP), their implications on accounting system; Double entry system–recording business transactions–Classification of accounts––Accounting cycle.

  • Double entry of application shall be done to ensure 100% accuracy in data, following error generation technique.

  • The general commissioner was responsible to the Minister of Finance;− Double entry accounting, the sole aim of which was to check the reality and conformity of the expenses with their object (Lemarchand, 1999).

Related to Double entry

  • Double Phase Aerosol Air Freshener means an aerosol air freshener with the liquid contents in two or more distinct phases that requires the product container be shaken before use to mix the phases, producing an emulsion.

  • Base station means the station as set out in Part-II (SOQ) hereof where the vehicle(s) / equipment shall be permanently based, (i.e. based for minimum period of 10 (Ten) days at a stretch) which may be changed at the discretion of the Company.

  • Single Phase Aerosol Air Freshener means an aerosol air freshener with the liquid contents in a single homogeneous phase and which does not require that the product container be shaken before use.

  • BT Network means BT’s public electronic communications network;

  • ATM means Automated Teller Machine.

  • Interconnection Point means the point(s) of connection(s) at which the project is connected to the grid i.e. it shall be at 11 / 22 kV bus bar level of substation of MSEDCL.

  • Adult motion picture theater means a commercial establishment where, for any form of consideration, films, motion pictures, video cassettes, slides, or similar photographic reproductions are regularly shown which are characterized by the depiction or description of "specified sexual activities" or "specified anatomical areas."