Ledger

Home » CMA Glossary Term » Financial Statements and Reporting » Ledger

A ledger is a comprehensive record-keeping book or digital system that systematically organizes and summarizes all financial transactions of a business. It serves as the central repository for accounting data, categorizing entries into debits and credits across various accounts. What is the definition of a ledger? It is the backbone of the double-entry bookkeeping system, ensuring accuracy and balance in financial reporting.

CMA Exam Academy 16-Week Accelerator Program