A journal entry is the act of keeping or making records of any transactions either
economic
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...
or non-economic.
Transactions are listed in an
accounting journal that shows a company's debit and credit balances. The journal entry can consist of