ledger account
Definition
Separate page in a ledger which records increases and decreases in each balance sheet item, classified under assets, liabilities, or owners' equity. Also called an account.
ledger account is in the Accounting & Auditing subject.
ledger account appears in the definitions of the following terms:
journalizing,
journal,
purchases account,
post closing trial balance,
summary account,
personal accounts,
ledger,
general overhead account,
absorption account,
sundry expenses
and
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