journalization Definition
- 1the process of recording financial transactions in a journal or general ledger
- 2the act of making an official record of something that has happened
Using journalization: Examples
Take a moment to familiarize yourself with how "journalization" can be used in various situations through the following examples!
Example
The journalization of transactions is an important step in accounting.
Example
The journalization of the meeting minutes was completed by the secretary.
Example
Journalization is the first step in the accounting cycle.
journalization Synonyms and Antonyms
Synonyms for journalization
📌
Summary: journalization in Brief
'Journalization' [jur-nl-uh-zey-shuhn] refers to the process of recording financial transactions in a journal or general ledger, as well as the act of making an official record of something that has happened. It is a crucial step in accounting and is often the first step in the accounting cycle.
