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- A ledger is a database in which double-entry accounting transactions are stored and summarized.
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A ledger is another book, similar to the journal, but organized by account. A general ledger is the complete collection of all the accounts and transactions of a company. The ledger may be in loose-leaf form, in a bound volume, or in computer memory. Individual accounts are in order within the ledger.
noun [ C ] us / ˈledʒ·ər /. Add to word list. Add to word list. a book in which items are regularly recorded, esp. business activities and money received or paid. (Definition of ledger from the Cambridge Academic Content Dictionary © Cambridge University Press)
Nov 8, 2023 · What is a Ledger? A ledger is a book or database in which double-entry accounting transactions are stored and summarized. This ledger is the central repository of information needed to construct the financial statements of an organization. It is also a key source of information for auditors.
Definition: A ledger is a written or computerized record of all the transactions a business has completed. These transactions are recorded in the ledger in different accounts. This list of accounts is most often called the chart of accounts.