accounting entry Antonyms

No Synonyms and anytonyms found

Meaning of accounting entry

Wordnet

accounting entry (n)

a written record of a commercial transaction

accounting entry Sentence Examples

1. The accountant made a meticulous accounting entry to record the purchase of new equipment in the ledger.
2. Each transaction requires a corresponding accounting entry to accurately reflect changes in financial accounts.
3. The double-entry accounting system mandates that every debit must have an equal and opposite accounting entry in the form of a credit.
4. The error in the accounting entry was promptly identified and corrected to maintain accurate financial records.
5. When the company received payment from a customer, the accountant made a corresponding accounting entry to update the accounts receivable balance.
6. Accurate financial reporting relies on the proper recording of every accounting entry, ensuring a complete and balanced set of books.
7. The accountant carefully reviewed each accounting entry to ensure compliance with accounting principles and standards.
8. The software automates the process of generating accounting entries, reducing the likelihood of manual errors.
9. An audit trail provides a detailed history of every accounting entry, facilitating transparency and accountability.
10. During the month-end closing process, the accounting team reconciles accounts and ensures that each accounting entry is accurately reflected in the financial statements.

FAQs About the word accounting entry

What is the meaning of the word accounting entry

a written record of a commercial transaction

What are the synonyms of the word accounting entry

No synonyms found.

What are the antonyms of the word accounting entry

No antonyms found.

What is the usage of word accounting entry

The accountant made a meticulous accounting entry to record the purchase of new equipment in the ledger.

Each transaction requires a corresponding accounting entry to accurately reflect changes in financial accounts.

How to use the word accounting entry in a sentence?

The double-entry accounting system mandates that every debit must have an equal and opposite accounting entry in the form of a credit.

The error in the accounting entry was promptly identified and corrected to maintain accurate financial records.