Ledger - A book in which the accounts of a business are kept. In the UK the main ledgers operating within a business are the nominal ledger, the sales ledger and the purchase ledger. The nominal ledger contains the nominal accounts which list revenue and operating expenses (for example building costs, vehicles etc) and the real accounts which detail the company"s assets and capital. The sales ledger contains the sales accounts of customers and the purchase ledger contains the purchase accounts of suppliers. The sales accounts and purchase accounts are also known as personal accounts.
Ledger : a book in which the accounts of a business are kept. in the uk the main ledgers operating within a business are the nominal ledger, the sales ledger and the purchase ledger. the nominal ledger contains the nominal accounts which list revenue and operating expenses (for example building costs, vehicles etc) and the real accounts which detail the company"s assets and capital. the sales ledger contains the sales accounts of customers and the purchase ledger contains the purchase accounts of suppliers. the sales accounts and purchase accounts are also known as personal accounts.
Ledger