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  2. Dictionary

    ledg·er
    [ˈlejər]
    noun
    ledger (noun) · ledgers (plural noun)
    1. a book or other collection of financial accounts of a particular type:
      "the total balance of the purchases ledger"
    2. a flat stone slab covering a grave:
      "the ledger stone of William Averie"
    3. a horizontal scaffolding pole, parallel to the face of the building.
    Origin
    late Middle English legger, ligger (denoting a large bible or breviary), probably from variants of lay and lie, influenced by Dutch legger and ligger. Current senses date from the 16th century, except the fishing senses, known from the 17th century.
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  3. People also ask
    What is a ledger and how does it function?A ledger is a tool that enables users to keep track of their financial transactions. It is divided into several different accounts that show what assets are, liabilities and equity, revenues/income, and expenses/costs. This function helps give insight into how much profit or loss is being made within a certain time period.
    What is an accounting ledger?An accounting ledger is a financial record book where accounting transactions are recorded. It holds the accounts for a business or individual to help them keep track of their financial situation. An accounting ledger is considered to be the single source of truth when it comes to finances.
    Is a loan recorded in a ledger?A loan is recorded in a ledger. However, it's important to note that not all ledgers are stored in a central location or managed by a single entity. Some exchanges use unconfirmed transaction records when adjusting balances or other items on their account ledgers.
    What is a private ledger in accounting?In accounting, a private ledger is where accounts of confidential nature are recorded. These accounts may include capital, salaries, drawings, etc. A private ledger may only be accessed by selected individuals. A ledger provides users with the ability to keep track of their financial transactions.
     
  4. A ledger is a book or collection of accounts in which accounting transactions are recorded.
    en.wikipedia.org/wiki/Ledger
    a book in which items are regularly recorded, esp. business activities and money received or paid (Definition of ledger from the Cambridge Academic Content Dictionary © Cambridge University Press) ledger | Business English ledger noun [ C ] ACCOUNTING uk / ˈledʒə r/ us Add to word list
    dictionary.cambridge.org/us/dictionary/english/ledger
    noun an account book or digital file of final entry, in which business transactions are recorded: The Controller must oversee, review, and approve of all posting of financial activity into the General Ledger.
    www.dictionary.com/browse/ledger
    a book in which things are regularly recorded, especially business activities and money received or paid
    dictionary.cambridge.org/dictionary/english/ledger
     
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  6. WEB3 days ago · A ledger is a book in which a company or organization writes down the amounts of money it spends and receives. Learn more about the word origin, synonyms, examples and usage of 'ledger' in different …

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