ledger
Definition
Collection of an entire group of similar accounts in double-entry bookkeeping. Also called book of final entry, a ledger records classified and summarized financial information from journals (the 'books of first entry') as debits and credits, and shows their current balances. In manual accounting systems, a ledger is usually a loose leaf binder with a separate page for each ledger account. In computerized systems, it consists of interlinked digital files, but follows the same accounting principles as the manual system.
ledger is in the Accounting & Auditing subject.
ledger appears in the definitions of the following terms:
cost records,
open item,
journal voucher,
books of account,
subsidiary ledger,
opening balance,
posting key,
scheduled payment open item,
account,
books of final entry
and
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