Difference between revisions of "Ledger"
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| − | + | [[Ledger]] (alternatively known as [[general ledger]]) is the [[book of final entry]] that represents all [[financial account]]s of a [[legal entity]]. The ''Ledger's'' data is originated from [[books of original entry|book of original entry]] and taken either directly or through financial reports such as [[income statement]]. | |
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| + | If any [[book of original entry]] groups data around chronologically-recorded [[business transaction]]s, the ''Ledger'' groups data around separate [[financial account]]s. | ||
Revision as of 13:56, 12 December 2018
Ledger (alternatively known as general ledger) is the book of final entry that represents all financial accounts of a legal entity. The Ledger's data is originated from book of original entry and taken either directly or through financial reports such as income statement.
If any book of original entry groups data around chronologically-recorded business transactions, the Ledger groups data around separate financial accounts.
