accounting entry Synonyms
No Synonyms and anytonyms found
accounting entry Meaning
Wordnet
accounting entry (n)
a written record of a commercial transaction
accounting entry Sentence Examples
- 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.
- 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.
- When the company received payment from a customer, the accountant made a corresponding accounting entry to update the accounts receivable balance.
- Accurate financial reporting relies on the proper recording of every accounting entry, ensuring a complete and balanced set of books.
- The accountant carefully reviewed each accounting entry to ensure compliance with accounting principles and standards.
- The software automates the process of generating accounting entries, reducing the likelihood of manual errors.
- An audit trail provides a detailed history of every accounting entry, facilitating transparency and accountability.
- 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
a written record of a commercial transaction
No synonyms found.
No antonyms found.
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.
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.
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