Journal Entry
Also called: journal entries, adjusting entry, posting
A journal entry is a single record of a transaction with its debits, credits and explanation. Routine entries are automatic; the interesting ones are adjusting entries made at period end for accruals, depreciation and estimates. Manual top-side entries posted after close, without supporting documentation, are the mechanism behind most large accounting frauds and the first thing auditors now test.
Where this is taught
Definitions are the trailer. These free levels turn Journal Entry into something you play — one bite-size lesson, with worked examples, a quiz and XP.