Journal entry

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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.

According to Principles of Economics by Timothy Taylor (3rd edition),

Entry. The long-run process of firms beginning and expanding production when they see opportunity for profits.

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