ledger entry
Debit or credit
A ledger entry is a record of a financial transaction in an accounting ledger, documenting debits and credits to specific accounts.
Each entry typically includes the date, accounts affected, amounts, and a brief description.
The term appears in bookkeeping and accounting contexts: The accountant made a ledger entry for the equipment purchase.
- debitSubtraction from account
- creditRecognition or payment deferral
- balanceSteadiness or amount owed
- trial balanceBookkeeping accuracy test
- journalRecord of daily events
bookkeeping · posting · account · accounts receivable · transaction · balance sheet · reconciliation · bottom line · ink · pen · column · red ink · black ink · figure · amount · audit · accountant · bean counter
ledger entryreceipt
Written payment acknowledgment
informal note · mental accounting · verbal agreement · handshake deal · memorandum
ledger entryreversal
Complete change of direction
write-off · erasure · omission · deletion · pending transaction
ledger, entry, ledgers, entries, enter, entered, entering, enters, reenter