Ledger meaning: A ledger is a record of

A ledger is a record of financial transactions. This article explains the purpose of ledgers in business, provides an example, and defines some key terms. A ledger is a book or database that records and summarizes double-entry accounting transactions. It is the source of information for financial statements and auditors. A ledger is a book of accounts that records all transactions in a summarized and classified form. Learn the types of accounts, their balances, and how to post transactions to a ledger with examples and a quiz. Learn more about what ledger accounts are, including its definition , format, types, and the advantages of using it in your business. Click here to read.