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Definition of 'Blind Entry'
An accounting entry found in financial bookkeeping that is made without giving any explanatory description of the transaction that precipitated the entry. Blind entries do contain the necessary basic information required to keep accounting records correct and up-to-date, as they specify the currency value of the entry and whether it is a debit or a credit.
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Investopedia explains 'Blind Entry'
Blind entries can be appropriate in certain situations, such as with a business that sells only one product or service, where there is not much practical need to differentiate incoming sales between various customers. However, if used in any other context, blind entries should be investigated further.
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Search results for 'Blind Entry'
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http://www.investopedia.com/articles/financialcareers/09/muriel-siebert-first-woman.asp
... Siebert embellished upon completed accounting coursework and was hired as an
entry-level research ... Siebert put her company into a blind trust and took over the ...
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http://www.investopedia.com/articles/trading/11/indicators-and-strategies-explained.asp
... hand, frequently employ indicators in an objective manner to determine entry, exit
and ... the trader; the disadvantage is that the user is "flying blind" since the ...
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http://www.investopedia.com/university/advancedwave/elliottwave4.asp
... from the software were respectable, without probabilities the trader was still trading
blind. ... lower window) used to help traders pick potential entry and exit ...
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