define accounting entries?
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An accounting entry is a formal record that documents a transaction . In most cases , an accounting entry is made using the double entry bookkeeping system, which requires one to make both a debit and credit entry , and which eventually leads to the creation of a complete set of financial statement .
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A journal entry is the act of keeping or making records of any transactions either economic 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 several recordings, each of which is either a debit or a credit.
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