Difference between revisions of "Ledger"

Revision as of 12:03, 15 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.

On the contrary to any book of original entry that groups data in chronologically-recorded financial transactions, the Ledger groups data in separate financial accounts.

Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.

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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]].		[[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]].

−	On the contrary to any [[book of original entry]] that groups data in chronologically-recorded [[~~business~~ transaction]]s, the ''Ledger'' groups data in separate [[financial account]]s.	+	On the contrary to any [[book of original entry]] that groups data in chronologically-recorded [[financial transaction]]s, the ''Ledger'' groups data in separate [[financial account]]s.