The phrase 'double-entry accounting' is correct and commonly used in written English.
You can use it when talking about the method of bookkeeping that involves recording every financial transaction in two separate accounts to ensure accuracy. Example: "To ensure the accuracy of our financial records, we utilize the double-entry accounting system which requires every transaction to be recorded in both the debit and credit accounts."
"He's the father of double-entry accounting," Yeutter says, "the exciting world that we have".
To be fair, I've seen double-entry accounting done by hand that is perfectly accurate.
He was Europe's leading moneyman an innovator in double-entry accounting and rapid multi-city money transfers and had funded many of Maximilian's campaigns, in return for the output of the Habsburgs' Tyrolean silver mines.
He was Europe's leading moneyman — an innovator in double-entry accounting and rapid multi-city money transfers — and had funded many of Maximilian's campaigns, in return for the output of the Habsburgs' Tyrolean silver mines.
"There was no double-entry accounting system," he remembers, "and no marketing, sales or controlling departments".
The underlying principle of double-entry accounting requires that, for each account in the SAM, total revenue (row total) equals total expenditure (column total).
The book spans a huge period in history, ranging from the invention of double entry accounting, and Gutenberg's printing press in the 15th century, through to Tim Berners Lee and the world wide web, and ultimately YouTube.com.com
An example of double entry accounting of receivables includes recording them as assets until they are proved as "bad debts" (noncollectable) and then "written off" as a kind of expense.
The software is based on Petri networks, double-entry bookkeeping and cost accounting, allowing the setup of complex systems and also a combined material, energy and inventory calculation.
In Gleeson-White's lively history of double-entry bookkeeping — the widely used accounting method in which debits and credits are organized into two columns — the key figure is Luca Pacioli, a fifteenth-century mathematician and Franciscan friar.
