The system of keeping the debtor and creditor accounts of
merchants in books provided for the purpose, either by single or by
A book in which items are not posted under heads, but are left at
random, as each transaction occurred.
A book in which are set down the debits and credits which occur day
by day. These are ultimately sorted into the ledger.
(Dutch, leggen, to lay). The book which is laid up in
counting-houses. In the ledger the different items are regularly
sorted according to the system in use. (LEDGER-LINES.)
By single entry.
Book-keeping in which each debit or credit is entered only once
into the ledger, either as a debit or credit item, under the customer's
or salesman's name.
By double entry.
By which each item is entered twice into the ledger, once on the
debit and once on the credit side.
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894