A general ledger is an accounting journal used to track money. Companies – or their accountants – keep minute books in order to know how much money goes in and out. If you`ve ever heard the phrase “cooking books” — which means cheating financially by inventing things — “books” are books. If you like numbers and money, maybe you should become an accountant so you can help people with their books. These sample sentences are automatically selected from various online information sources to reflect the current use of the word “general ledger”. The views expressed in the examples do not represent the views of Merriam-Webster or its editors. Send us your feedback. A ledger is like a diary, but for money. It is a book to track expenses, profits and other financial matters. Information contained in a general ledger may be admitted into evidence in litigation under the hearsay rule exception for business documents. Provides financial reporting data for the entire organization. Aggregates all financial transactions recorded and sorted into sub-ledgers that cover a settlement period. A central repository of an organization`s accounting information.

Also known as the final entry book. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. LEDGER, trading, accounts, evidence. A book in which the names of all the persons involved in the person who directs it are written and in which there is a separate report, usually consisting of one or more pages for each page. There are two parallel columns, of which said part is the debtor and the other the creditor, and is a ready-made means of determining the balance of the account. Since this book is a copy of the newspaper or newspaper, it is not proof in itself. Middle English lygger, occasional large breviary, beams, probably von Leyen, to be laid. A company`s ledger, in which all day-to-day transactions are recorded under the appropriate headings to reflect the debits and credits of each account. An accounting book in which a merchant records the names of all the persons with whom he does business; There are two parallel columns for each account, one for debited entries, the other for its credits.

In this book, articles from the newspaper or newspaper are published. A book in which journal entries are made documenting transactions or receipts and withdrawals of money or property. An accounting book in which a merchant records the names of all the persons with whom he does business; In each account, there are two parallel columns, one for transactions invoiced to the debtor, the other for his credits. In this book, articles from the newspaper or newspaper are published. Ledger. Im Kirchenrecht. The name of a book preserved in the privileges of England. It is considered a role of the court, but it seems that it cannot be interpreted as evidence.