Accounting Dictionary

Journal Entry

A journal entry is a financial record of what a company has done. The record can be done on paper, but more often journal entries are computerized.

If I bought a freezer for $50,000, I would write this journal entry:
  Freezer $50,000
  Cash $50,000

This entry records that the company owns a freezer and it paid cash.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top