Ledger Account
/ˈlɛdʒər əˌkaʊnt/
Definitions
- (n.) A principal bookkeeping record in which all financial transactions of a business are recorded, grouped by accounts.
The accountant reviewed the ledger account to verify all entries were accurate.
Forms
- ledger account
- ledger accounts
Related terms
See also
Commentary
In legal contexts involving financial disputes or audits, referencing the ledger account is crucial for tracing transaction histories accurately.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.