Journal entry

Journal entry,

Definition of Journal entry:

  1. 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 organizations financial position. See also journalizing.

How to use Journal entry in a sentence?

  1. You should keep a good journal entry of all of your financial comings and goings to always be kept up to date.
  2. 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.
  3. The journal entry contained a mistake made by the new accountant so fortunately our certified public accountant caught the error early.

Meaning of Journal entry & Journal entry Definition