journal
Definition
An accounting record where all business transactions are originally entered. A journal details which transactions occurred and what accounts were affected. Journal entries are usually recorded in chronological order, and using the double-entry method of bookkeeping.
Use journal in a sentence
“ The company would face heavy fines if they could not produce their journal documenting their transactions when the auditor arrived. ”
“ You may want to keep a journal of all of your expenditures so that you can see how much you are spending. ”
