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