The-definition.com

Definition

Journalizing

Entering transaction data in the journal is known as journalizing. Companies make separate journal entries for each transaction. A complete entry consists of (1) the date of the transaction, (2) the accounts and amounts to be debited and credited and (3) a brief explanation of the transaction.

Webster Dictionary Meaning

1. Journalizing
- of Journalize
Share it:  Cite

More from this Section

  • Merchandise purchases budget
    Merchandise purchases budget is the estimated cost of goods to be purchased by a merchandiser ...
  • Direct materials price standard
    The direct materials price standard is the cost per unit of direct materials that should ...
  • Variance
    Variance is the difference between total actual costs and total standard costs. The variance ...
  • Investment Vehicle
    An Investment Vehicle is a tool that investors utilize to make money. Certificates of ...
  • Transactions
    Transactions (business transactions) are a business’s economic events recorded by accountants. ...