Accounting Entry
/ˈæk.aʊn.tɪŋ ˈɛn.tri/
Definitions
- (n.) A formal record of a financial transaction in the accounting system, detailing debits and credits.
The accountant made an accounting entry to document the payment received.
Forms
- accounting entries
Related terms
See also
Commentary
Accounting entries must accurately reflect transactions to ensure compliance with financial reporting standards.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.