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.