general ledger

general ledger
An accounting term used to describe the book or other instrument which summarizes an entity's financial accounts. The general ledger is the source from which the entity's trial balance and financial statements are prepared. The general ledger contains a separate account for each of the assets, liabilities, revenues and expenses of the entity

Black's law dictionary. . 1990.

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  • general ledger — A book or computer file where double entry accounting entries are recorded for a business. Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances Category: Business Cash Flow Problems & Bankruptcy Category: Business …   Law dictionary

  • General ledger — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • general ledger — Accounting records that show all the financial statement accounts of a business. Bloomberg Financial Dictionary * * * general ledger general ledger ➔ ledger * * * general ledger UK US noun [C] ACCOUNTING ► the book or part of a computer program… …   Financial and business terms

  • general ledger — noun the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts) • Hypernyms: ↑ledger, ↑leger, ↑account book, ↑book of account, ↑book • Part Meronyms: ↑control… …   Useful english dictionary

  • general ledger — GL A series of *accounts used as the foundation for preparation of *financial statements. The general ledger contains accounts for *assets, liabilities, *equity, *revenue, and *expenditure, and the accounts are traditionally analyzed into a… …   Auditor's dictionary

  • general ledger — An accounting term used to describe the book or other instrument which summarizes an entity s financial accounts. The general ledger is the source from which the entity s trial balance and financial statements are prepared. The general ledger… …   Black's law dictionary

  • general ledger — didžioji knyga statusas T sritis Gynyba apibrėžtis Svarbiausioji buhalterinės apskaitos knyga, kurioje registruojamos visos organizacijos finansinės operacijos. atitikmenys: angl. general ledger ryšiai: susijęs terminas – žurnalas šaltinis NATO… …   Lithuanian dictionary (lietuvių žodynas)

  • General Ledger — A company s accounting records. This formal ledger contains all the financial accounts and statements of a business. The ledger uses two columns: one records debits, the other has offsetting credits …   Investment dictionary

  • general ledger — noun The central accounting record of a company or organization consisting of the accounts that support the value items shown in the major financial statements. Syn: nominal ledger …   Wiktionary

  • general ledger — See: nominal ledger …   Accounting dictionary

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