ledger

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Related to ledgers: general ledger, trial balance

General Ledger

A record of all of a company's financial statements. It contains two columns: one for credits and one for debits. See also: Balance sheet.

ledger

the ACCOUNTING records that keep a note of a firm's day-to-day financial transactions with outside parties. For example, the purchases or CREDITORS ledger would show the value of raw materials or services purchased from each supplier, payments made to suppliers for these, and any amounts still owing to suppliers. Similarly, the sales or DEBTORS ledger would show the value of goods or services sold to each customer, amounts they have paid for these, and any amounts still owed by customers. In former times such ledger accounts took the form of bound ledgers in which entries were recorded by hand; nowadays they are generally kept as computer records. Fig. 50 shows the main ledger accounts. See DOUBLE-ENTRY ACCOUNTS.
References in periodicals archive ?
However, the Ledgers have claimed that the book is grossly inaccurate.
The technical reference for the engineering design of connections in wood construction is the National Design Specification for Wood Construction (NDS) (AF&PA 2005); however, commonly accepted means of connecting deck ledgers to band joists fall outside the scope of the NDS.
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.
Rooted in extensive user interface design research, Liquid Ledger is a comprehensive, user-friendly tool that enables consumers to effortlessly manage and analyse their personal finances on Mac OS X.
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).
Into this death camp littered with passes and ledgers comes an entirely different sort of list maker, a Jewish accountant by the name of Itzhak Stern who tries, in the midst of all this bureaucratic madness, to rescue every possible life from the coming onslaught.
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.
With FRx ExpressLink, users can consolidate information from the general ledger before populating budget fields, as well as perform periodic updates of segments and balances.