Search
Ledger
01
a book or digital record that contains financial transactions and balances, organized by accounts
02
an accounting journal as a physical object
Example
The accountant posted the journal entries for sales revenue to the Accounts Receivable ledger.
Each day, the finance department posts the cash receipts from sales to the Cash Account in the ledger.
The inventory manager posted transactions related to purchases and sales to the Inventory Control account in the ledger.
