journal entry

journal entry definition - business

journal entry

The recording of a business transaction and its monetary value in the accounting journal. Each entry results in both a debit and a credit, and is generally accompanied by a receipt or invoice.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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