Ledger

Business, Legal & Accounting Glossary

Definition: Ledger


Ledger

Quick Summary of Ledger


Books that contain all the details of financial accounts. There are three types of ledgers: the general ledger, the accounts receivable ledger, and the accounts payable ledger.




What is the dictionary definition of Ledger?

Dictionary Definition


A record in which commercial accounts are recorded

  1. A book for keeping notes, especially one for keeping accounting records.
  2. accounting A collection of accounting entries consisting of credits and debits.
  3. construction A board attached to a wall to provide support for attaching other structural elements (such as deck joists or roof rafters) to the building.

Full Definition of Ledger


Books that contain all the details of financial accounts. There are three types of ledgers: the general ledger, the accounts receivable ledger, and the accounts payable ledger. The general ledger includes all the financial details from every business transaction, for each account listed in the charts of accounts. The other two include details relating to accounts receivable and accounts payable.


Synonyms For Ledger


book, account book, journal, register, record


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/ledger/
Modern Language Association (MLA):
Ledger. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/ledger/.
Chicago Manual of Style (CMS):
Ledger. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/ledger/ (accessed: March 29, 2024).
American Psychological Association (APA):
Ledger. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/ledger/

Definition Sources


Definitions for Ledger are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th March, 2020 | 0 Views.