bookkeeping

bookkeeping
Keeping the accounts of an individual or a business, in other words, accounting. 1 Am J2d Accts § 2. The art of recording, in a systematic manner, the transactions of merchants, traders and other persons engaged in pursuits connected with money; the art of keeping accounts. In the commercial world, bookkeeping is a distinct profession requiring peculiar adaptation and thorough training. Western Assur. Co. v Altheimer, 58 Ark 565, 573.

Ballentine's law dictionary. . 1998.

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  • bookkeeping — noun the activity of recording business transactions • Syn: ↑clerking • Derivationally related forms: ↑clerk (for: ↑clerking) • Members of this Topic: ↑posting …   Useful english dictionary

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