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

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Famous quotes containing the words business and/or accounting:

    “Method goes far to prevent trouble in business: for it makes the task easy, hinders confusion, saves abundance of time, and instructs those that have business depending, both what to do and what to hope.”
    —William Penn (1644–1718)

    “I, who am king of the matter I treat, and who owe an accounting for it to no one, do not for all that believe myself in all I write. I often hazard sallies of my mind which I mistrust.”
    —Michel de Montaigne (1533–1592)