Difference between revisions of "Book of final entry"
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| − | [[Book of final entry]] (hereinafter, the ''Book'') is any book that records information about [[financial transaction]]s from a [[book of original entry]] such as a [[general journal]]. A [[ledger]] is an example of the ''Book''. | + | [[Book of final entry]] (plural is known as [[books of final entry]] or, simply, [[ledgers]]; hereinafter, the ''Book'') is any book that records information about [[financial transaction]]s from a [[book of original entry]] such as a [[general journal]]. A [[ledger]] is an example of the ''Book''. |
Revision as of 02:11, 18 December 2018
Book of final entry (plural is known as books of final entry or, simply, ledgers; hereinafter, the Book) is any book that records information about financial transactions from a book of original entry such as a general journal. A ledger is an example of the Book.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Book of final entry. Book that records information about business transactions from a book of original entry such as a general journal. A ledger is an example of a book of final entry.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
