Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,920,172,598 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Single-Entry Bookkeeping System
(redirected from Single entry bookkeeping)

   Also found in: Wikipedia 0.01 sec.
Single-Entry Bookkeeping System 

an accounting system in which the interrelationship between accounts is not established and many transactions are entered in just one account, which reflects the movement of corresponding valuables. For this reason, the financial results of economic activity—both profit and loss—are not included in current accounting data but must be determined by studying the figures from all inventories of enterprise capital at the start and end of the report period. An accounting balance can be drawn up only after a complete inventory. Accounts relating to the property of others are also kept by the single-entry system. The single-entry bookkeeping system is usually used by those enterprises, organizations, and institutions that operate primarily on a state budget and do not participate in many different economic operations.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?  References in periodicals archive?   Encyclopedia browser?   Full browser?
No references found
 
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.