A journal entry, in accounting, is a logging of transaction
into accounting journal items.
The journal entry
can consist of several recordings, each of which is either a debit or a
credit.
The total of the debits must equal the total of the credits or
the journal entry is said to be "unbalanced".
For example, when the company spends cash
to purchase a new vehicle, the cash account is decreased or credited
and the vehicle account is increased or debited.
Vehicle A/C Dr. xxx
To Cash A/C xxx
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