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Related to ledgers: general ledger, trial balance


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.


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 periodicals archive ?
The family ledger is a record of how much we put into, and how much we get out of, each relationship in the family.
Perhaps the most important distinction that must be made between the ledgers produced at Fort Marion and "The Black Horse Ledger" is the context of their production.
2004a, 2004b) conducted ledger tests of four configurations of preservative pressure treated (PPT) southern pine ledgers attached to Spruce-pine-fir (SPF) house band joists, and developed design tables based on simulated deck-ledger house-band connections.
A Start by making an outline on the siding where you want to position the ledger board Make the outline large enough to include space for the deck boards on top, the ledger and any trim boards on the sides.
Companies need to reconcile all accounts that could contain a significant or material misstatement and post all necessary adjustments to the general ledger in a timely manner rather than allowing their external auditor to identify such misstatements during its review of the company's SEC filings.
With implementation of the electronic ledger system completed throughout the company's U.
That is, an account must be specifically provided for the needed information because if it is amalgamated with other transactions that may be similar for business purposes but that carry different tax treatments, the difficulty of extracting the information from the mass of transactions in the ledgers of many business units and subsidiaries becomes extraordinarily time-consuming and difficult.
Referring to Item (2) of paragraph 4 for determining what is information "normally contained in books of original entry and general ledger or subsidiary ledgers," it would appear a good argument could be made for not considering such schedules as books of original entry and thus not providing them.
An analysis of these files together with the signature books, identification books, and deposit ledgers show that more than sixty percent of the bank's depositors were women and about fifteen percent were African Americans (at a time when African Americans accounted for about eight percent of the population of Philadelphia).
The ledgers of merit and demerit (gongguoge) incorporated the ancient Chinese belief that heaven's retribution would surely reward the good and punish evil-doers.
One program manages all the accounting functions, including the general ledger, the accounts receivable and accounts payable subsidiary ledgers, all journals, and all financial statements.