Journal - Business and Accounting

Business and Accounting

The term "journal" is also used in business:

  • A journal is a book or computer file in which monetary transactions are entered the first time they are processed. This journal lists transactions in chronological sequence by date prior to a transfer of the same transactions to a ledger in the process of bookkeeping
  • Narrations or equivalent to a ship's log, as a record of the daily run, such as observations, weather changes, or other events of daily importance

Read more about this topic:  Journal

Famous quotes containing the words business and/or accounting:

    “It is hard to say which is the greatest fool: he who tells the whole truth, or he who tells no truth at all. Character is as necessary in business as in trade. No man can deceive often in either.”
    —Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)

    “At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses.”
    —Karl Liebknecht (1871–1919)