Bookmark and Share

JOURNAL ENTRY is the beginning of the accounting cycle. Journal entries are the logging of business transactions and their monetary value into the t-accounts of the accounting journal as either debits or credits. Journal entries are usually backed up with a piece of paper; a receipt, a bill, an invoice, or some other direct record of the transaction; making them easy to record and to maintain traceability for each transaction.

Learn new Accounting Terms

DEPTH OF MARKET is the number of shares of a security that can be bought or sold at the bid and ask prices near the inside market without causing a dramatic change in price.

940 FORM is the U.S. IRS Employers Annual Payroll Tax form.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.