A journal entry is the act of keeping or making records of any transactions either
economic
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...
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