Dictionary of Accounting Terms: journalize
journalize
to make an entry for a transaction in the journal (book of original entry). For example, if rent is paid with cash, this transaction would be entered in the journal. Rent Expense is debited and Cash is credited. Transactions are entered on a daily basis in chronological order. Debits and credits are listed along with their appropriate explanations. Thus the journal reflects in one place all information about a transaction.
Dictionary of Business Terms: journalize
journalize
in accounting, to enter into a journal, such as the general journal.
