What is LEDGER?

A book of accounts in which a trader enters the names of all persons with whom he has dealings; there being two parallel columns iu each account, one for the entries to the debit of the person charged, the other for his credits. Into this book are posted the items from the day-book or journal.

More On This Topic



Link to This Definition
Did you find this definition of LEDGER helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary