Difference between revisions of "Journal entry"

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[[Journal entry]] (or, simply, [[entry]]; hereinafter, the ''Entry'') is
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[[Journal entry]] (or, simply, [[entry]]; hereinafter, the ''Entry'') is any record of any [[financial transaction]]s carried out by a [[legal entity]] that is made utilizing the [[double-entry bookkeeping]] system and describes which [[financial account]] or [[financial account|account]]s are being [[debit]]ed and which are [[credit]]ed, the date, the reason for the [[journal entry]], and a reference.
  
  
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*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
 
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
  
==Related coursework==
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==Related lectures==
 
*[[Bookkeeping Quarter]].  
 
*[[Bookkeeping Quarter]].  
  
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]

Latest revision as of 02:03, 2 June 2020

Journal entry (or, simply, entry; hereinafter, the Entry) is any record of any financial transactions carried out by a legal entity that is made utilizing the double-entry bookkeeping system and describes which financial account or accounts are being debited and which are credited, the date, the reason for the journal entry, and a reference.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Journal entry. The transaction (debits and credits) that is recorded into a general journal once it is analyzed.

Related concepts

Related lectures