general ledger

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 account

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noun
: the principal and controlling ledger of a business enterprise containing individual or controlling accounts for all assets, liabilities, net worth items, revenue, and expenses

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general ledger noun (bookkeeping)
1. A book which contains nominal accounts
2. The central database of a bookkeeping system (US)
• • •
Main Entry:general

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general ledger,
Accounting. the main ledger that contains accounts of assets, liabilities, income, expenditures, and other financial data, of a business.

Useful english dictionary. 2012.

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