what does the word LEDGER mean in lame man term as far as accounting goes?

Question

I am going up for this accounting 1 position but when i took the test it asked a lot about the word ledger. i need help with that.

Answer 1

It is a record where accounts of anything that is received/receivable and paid/payable is kept. The record could be of money or items in stock or points (as in YA) or days attended or anything that is quantified. A ledger typically shows the date of transaction, transaction details, a debit entry, a credit entry and the balance.

Answer 2

A ledger is an individualized record of an account. For
instance you might have a cash ledger, an accounts
receivable ledger, an accounts payable ledger.

Answer 3

Basically, it is a book that you use to record financial transactions. Before computers, it's what Accountants used.

Answer 4

Longman Dictionary of Contemporary English:

Ledger (noun): a book in which a business, bank etc records how much money it receives and spends.