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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
In the rare instance that your accounting system does not offer the option to export your general ledger to Excel, you can still accomplish this task by printing your general ledger report to a Print File and then importing the resulting .prn file into Excel.
The tight security settings that apply to aspects of the ERP system, such as the general ledger, are rarely carried over to the OLAP database.
Configured with 24 750 MHz UltraSPARC III CPUs and 48 GB of memory, the Sun Fire 6800 server achieved the world's best result with 9,560,229 Journal Lines per hour for PeopleSoft 8 General Ledger with Combination Editing, Extra-Large Volume Model.
Major modules include estimating, quoting, order entry, purchasing, image processing, process sheet control, work-in-process, shop floor, inventory, data collection, time and attendance pattern/die, tool/gage, scrap tracking, job costing, accounts payable, accounts receivable and general ledger. The software's ability to assess foundry-specific tasks is illustrated by its Casting MasterFile, which includes all of the foundry's mold, pattern and core information.
The reporting module, GE NetReport, allows users to access their accounts online and integrates to the customer's general ledger system.
These are: (1) general lack of expertise in the feeder systems communities in defining and interpreting applicable federal financial management systems requirements; (2) implementation of "transaction-driven" general ledger requirements; (3) providing summarized data for like financial transactions versus feeding detailed data for each individual transaction; and (4) handing deficiencies in mixed systems in which DFAS controls financial functions whereas the military services or Defense Agencies control non-financial functions.
The most critical feature of the add-on client modules is that they keep control of the general ledger, chart of accounts, and general accounting controls in the practitioner's hands.
Speaking to ComputerWire yesterday, the company's CEO, Richard Lawson, said that Strategic Ledger integrates with the company's standard accounting package, General Ledger, and its Activity Management software to providing real-time financial analysis, reporting and strategic planning.
Supply label codes, diagnostic and procedure codes, operating room time, and room charges are transcribed into the computerized patient billing database, which is part of a larger financial database that includes general ledger and payroll.
Whenever I perform a property management "audit," the first thing I ask to see is a copy of the general ledger. On one recent assignment, I asked the controller of a large regional property management company for the general ledger.
Activity based costing f costs and expenses found "below the line" of the general ledger, including items such as store and warehouse operations costs, the cost of advertising products and/or services, and financing the inventory investment.

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