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ledger - Meaning and Examples

Meaning of 'ledger' (Webster Dictionary)

1 . Ledger [ n.]
- A book in which a summary of accounts is laid up or preserved; the final book of record in business transactions, in which all debits and credits from the journal, etc., are placed under appropriate heads.
- A large flat stone, esp. one laid over a tomb.
- A horizontal piece of timber secured to the uprights and supporting floor timbers, a staircase, scaffolding, or the like. It differs from an intertie in being intended to carry weight.

Meaning of 'ledger' (Princeton's WordNet)

1 . ledger [ n]
Meaning (1):
- an accounting journal as a physical object
Example in sentence:
  • he bought a new daybook
Meaning (2):
- a record in which commercial accounts are recorded
Example in sentence:
  • they got a subpoena to examine our books

Nearby Words:

led ledden leden ledge ledgement ledgment ledgy

See 'ledger' also in:

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Related Definitions

  • Ledger Balance
    Ledger Balance is the starting amount mostly in a bank account the following day that remains constant throughout the day. A bank computes a ledger bill at the end of every working day...
  • General ledger systems
    General ledger systems generate the company’s income statements and balance sheets and are responsible for managing new and old accounts in the company.
  • Advantages of Subsidiary Ledgers
    Subsidiary ledgers have several advantages: They show in a single account transactions affecting one customer or one creditor, thus providing up-to-date information on specific account balances.
  • General ledger & Control account
    A general ledger account summarizes the detailed data from a subsidiary ledger. For example, the detailed data from the accounts receivable subsidiary ledger...
  • Subsidiary ledger
    A subsidiary ledger that collects transaction data of individual creditors. Companies use subsidiary ledgers to keep track of individual balances.
  • The ledger
    The ledger is the entire group of accounts maintained by a company. The ledger keeps in one place all the information about changes in specific account balances.

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