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Double-entry bookkeeping

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Double-entry bookkeeping
Accounting method that records each transaction as both a credit and a debit in different accounts.


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No accounting knowledge required, no double-entry bookkeeping.
As the industrial era began, and double-entry bookkeeping was introduced to record changes in wealth, tax policy followed suit with the imposition of an income tax.
 
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