Definitions
There is 1 meaning of the phrase
Single-Entry Bookkeeping.
Single-Entry Bookkeeping - as a noun
A simple bookkeeping system; transactions are entered in only one account
Synonyms (Exact Relations)
single entryExample Sentences
"In single-entry bookkeeping, only one account is maintained for each transaction."
"Small businesses often use single-entry bookkeeping to keep their records."
"Using single-entry bookkeeping, it is difficult to prevent errors and discrepancies."
"In single-entry bookkeeping, transactions are recorded in a chronological order."
"One disadvantage of single-entry bookkeeping is the lack of detailed financial reports."
