journal entry

  

Definition

The recording of financial data (taken usually from a journal voucher) pertaining to business transactions in a journal such that the debits equal credits. Journal entries provide an audit trail and a means of analyzing the effects of the transactions on an organization's financial position. See also journalizing.

Use journal entry in a sentence

  • The journal entry contained a mistake made by the new accountant so fortunately our certified public accountant caught the error early.

    Was this Helpful?   (25)   (0)
  • You should keep a good journal entry of all of your financial comings and goings to always be kept up to date.

    Was this Helpful?   (25)   (0)
  • Keeping all of your records in an easy to read journal entry will help you to find the date you need quickly when the time comes.

    Was this Helpful?   (25)   (0)
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/journal-entry.html

Have a question about journal entry? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z