Journal Entry
/ˈdʒɜrnəl ˈɛntri/
Definitions
- (n.) An official recording of a transaction or event in a legal or financial context, typically forming part of the formal record or ledger.
The accountant reviewed the journal entry documenting the contract payment.
- (n.) A written account entered into a court record or legal transcript to officially note proceedings or rulings.
The judge ordered a journal entry to be made summarizing the hearing's conclusions.
Forms
- journal entry
- journal entries
Related terms
See also
Commentary
In legal and financial drafting, a journal entry is foundational for maintaining an accurate and authoritative record; precision in describing the event and proper dating is essential.
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.