Definition

A book or record used to keep track of financial transactions, showing debits and credits for a business or organization.

Example

The accountant carefully updated the ledger to reflect all recent transactions.

Conversation

Have you finished updating the ledger for our project expenses?

Not yet, but I should wrap it up by the end of the day.

I want to make sure we keep everything balanced in the ledger.

Absolutely! It's important to stay on top of our finances.

Synonyms & Antonyms

Root Explanation

Ledger → The word 'ledger' originates from the Old English 'leacgier', meaning a place where one lays down accounts or records. It refers to a book or record where financial transactions are kept.

Memory Tip

Think of a 'place where accounts are laid down' — that's what a ledger is, a record of financial transactions.

Visually Confused Words