ledger


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Related to ledger: general ledger, Ledger balance

Ledger

The principal book of accounts of a business enterprise in which all the daily transactions are entered under appropriate headings to reflect the debits and credits of each account.

Information that is contained in a ledger can be admitted into evidence in a lawsuit pursuant to the business record exception of the Hearsay rule.

ledger

noun account book, account of transactions, accounts, balance sheet, bankbook, book of accounts, book of records, books, calculation, cashbook, codex accepti et expensi, computation, daybook, diary, entries, file, index, log, logbook, passbook, profit and loss statement, record, record book, record of credits and debits, record of money transactions, register, registry, running account, statement
See also: account, journal, register, roll

LEDGER, commerce, accounts, evidence. A book in which are inscribed the names of all persons dealing with the person who keeps it, and in which there is a separate account, composed generally of one or more pages for each. There are two parallel columns, on one of which the party named is the debtor, and on the other the creditor, and presents a ready means of ascertaining the state of the account. As this book is a transcript from the day book or journal, it, is not evidence per se.

References in classic literature ?
Cook,' said Tom, turning over some leaves of the ledger.
I banish the false wretch from this moment, and I strike him out of my Cupidon (my name for my Ledger, my dear,) this very night.
From this ledger he drew forth a couple of whiplashes, three or four buckles, a little sample-bag of corn, and, finally, a small roll of very dirty bank-notes, from which he selected the required amount, which he handed over to Sam.
Cursed be that mortal inter-indebtedness which will not do away with ledgers.
In spite of this conviction; in spite of headaches caused by sitting on a high stool and stooping over ledgers in unwholesome air; in spite of want of society, and hasty breakfasts, and bad dinners at chop-houses, his attendance at the office was regular, and his diligence at the desk unremitting.
Such masters were not at that time easily found; Princes that had been, and Kings that were to be, were not yet of the Teacher class, and no ruined nobility had dropped out of Tellson's ledgers, to turn cooks and carpenters.
It was long, and wound about him like a tail; and it was made (for Scrooge observed it closely) of cash-boxes, keys, padlocks, ledgers, deeds, and heavy purses wrought in steel.
He was emboldened by the consciousness that here, at least, he had evidence to produce: and he placed in the Warden's hands a few printed notices, that were lying ready, with some open ledgers, on a side-table.
And yet, on looking over the register of seeds and bulbs, which Van Baerle kept in duplicate, if possible even with greater exactitude and care than the first commercial houses of Amsterdam their ledgers, Boxtel read these lines: --
The landleddy's just tottin' up the ledgers o' the hottle in her ain room," answered Mr.
There was just the ordinary surface scum of ledgers and polished counters and brass bars that began and stopped for no possible reason, of electric-light globes blossoming in triplets, of little rabbit hutches faced with glass or wire, of little rabbits.
There, too, among unusual bottle-racks and pale slants of light from the yard above, was the strong room stored with old ledgers, which had as musty and corrupt a smell as if they were regularly balanced, in the dead small hours, by a nightly resurrection of old book-keepers.