A journal entry is a written expression of the effects of a transaction on accounts and has equal debits and credits.

Name: A journal entry is a written expression of the effects of a transaction on accounts and has equal debits and credits.
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Quizplus · Accepted Answer

A journal entry is a recording of a transaction that affects at least two accounts and is used in double-entry bookkeeping. The debits and credits in a journal entry need to be equal in order to ensure that the accounting equation remains balanced.

A Journal Entry Is a Written Expression of the Effects