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Ledger Entry (Noun)

Meaning

A written record of a commercial transaction.

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The accountant carefully reviewed each ledger entry to ensure accuracy before closing the company's books for the quarter.
  • The discrepancy in the financial reports was eventually traced back to a single incorrect ledger entry made by a new employee.
  • As part of the audit, the examiner requested access to all ledger entries for the past fiscal year.
  • The software automatically generated a new ledger entry for each sale, eliminating the need for manual data entry.
  • After reviewing the ledger entries, the business owner was able to identify areas where costs could be reduced to increase profitability.

Synonyms

  • Entry
  • Accounting Entry

Hypernyms

  • Accounting
  • Accounting System

Hyponyms

  • Credit
  • Debit Entry
  • Credit Entry
  • Adjusting Entry
  • Debit
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