nominal ledger

English - English

Definition of nominal ledger in English English dictionary

A general ledger

A ledger that is not a personal ledger or a real ledger, for example, a revenue or expense ledger

The general ledger, sometimes known as the nominal ledger as named originally by Phil Smith, is the main accounting record of a business which uses double-entry bookkeeping. It will usually include accounts for such items as current assets, fixed assets, liabilities, revenue and expense items, gains and losses

Related Terms

nominal ledgers

plural form of nominal ledger

Hyphenation

no·mi·nal ledg·er

Turkish pronunciation

nämınıl lecır

Pronunciation

/ˈnämənəl ˈleʤər/ /ˈnɑːmənəl ˈlɛʤɜr/