Book of final entry
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.
