BOOKKEEPING

bookkeeping, clerking

(noun) the activity of recording business transactions

Source: WordNet® 3.1


Noun

bookkeeping (usually uncountable, plural bookkeepings)

(accounting) The skill or practice of keeping books or systematic records of financial transactions, e.g. income and expenses.

Verb

bookkeeping

present participle of bookkeep

Source: Wiktionary


Book"keep`ing, n.

Definition: The art of recording pecuniary or business transactions in a regular and systematic manner, so as to show their relation to each other, and the state of the business in which they occur; the art of keeping accounts. The books commonly used are a daybook, cashbook, journal, and ledger. See Daybook, Cashbook, Journal, and Ledger. Bookkeeping by single entry, the method of keeping books by carrying the record of each transaction to the debit or credit of a single account.

– Bookkeeping by double entry, a mode of bookkeeping in which two entries of every transaction are carried to the ledger, one to the Dr., or left hand, side of one account, and the other to the Cr., or right hand, side of a corresponding account, in order thaItalian method.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

11 January 2025

COWBERRY

(noun) low evergreen shrub of high north temperate regions of Europe and Asia and America bearing red edible berries


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Coffee Trivia

The Boston Tea Party helped popularize coffee in America. The hefty tea tax imposed on the colonies in 1773 resulted in America switching from tea to coffee. In the lead up to the Revolutionary War, it became patriotic to sip java instead of tea. The Civil War made the drink more pervasive. Coffee helped energize tired troops, and drinking it became an expression of freedom.

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