Princeton Financial Glossary - J

Joint venture

Any joint ownership or contractual arrangement through which there is an agreement to jointly undertake a specific business enterprise, investment, or exempt-purpose activity without regard to: (1) whether the Trustees of Princeton University controls the venture, (2) the legal structure of the venture or arrangement, or (3) whether the venture or arrangement is taxed as a partnership or as an association or corporation for federal tax purposes.

Journal Entry

A collection of like-activity accounting entries: cash receipts, journal vouchers, accounts payable vouchers, or inter department invoices. A valid journal entry must include at least two lines (each also called a "journal entry"). One is a debit entry and one is a credit entry. The combined dollar amounts of the debit line(s) and credit line(s) must net to zero dollars.

Journal Voucher (JV)

A collection of journal entries in one of the standard expense categories used at Princeton, for example, public safety department charges, funding for construction projects, or telephone tolls.

Journal Voucher Loads

The process of loading journal vouchers (manual or automated) into the general ledger for processing.


 

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