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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 ?
DISTRIBUTED LEDGER TECHNOLOGY: A term often used interchangeably with 'blockchain', even though, technically, blockchain describes the public ledger powering bitcoin.
Section II examines how decentralized public ledgers relate to the securities markets at both the national and state levels.
The ledgers contained monthly and annual summaries, summaries by category and-even though this family of four lived in town-summaries for poultry accounts, including egg production, chickens and eggs consumed, feed and straw accounts, egg sale revenues and equipment expenditures.
One of the most important of these rules has to do with the "family ledger."
This ledger will then track this asset over its life into perpetuity.
For one, according to Jen Butler, an analyst at Corporate Insight, public ledgers are typically anonymous, which makes it harder for firms to satisfy know-your-customer and anti-money laundering regulations.
Pivot monthly general ledgers. You might consider exporting and pivoting your monthly general ledger reports individually, rather than pivoting the entire annual general ledger report.
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.
However, the Ledgers have claimed that the book is grossly inaccurate.
(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.