Today's Market

updated Moments ago Sponsored by:
DOW 17,861.60 83.45 0.47%
S&P 500 2,073.01 11.78 0.57%
NASD 4,775.86 27.47 0.58%

Community: Investing Wiki

Term Of The Hour

general journal: Original post by Kathy Adams McIntosh of Demand Media Accountants record financial transactions using journal entries. Companies use a general journal and subsidiary journals. The accountant uses the subsidiary journal to record transactions that only impact certain accounts, such as accounts payable or sales. The accountant uses the general journal to record any transaction not appearing in a…

Want to learn more or edit this definition?
Click here to read more!