"Ledger" Example Sentences
1. The accountant carefully checked the balances in the ledger.
2. The company kept careful records in its ledgers.
3. Sales were recorded in the sales ledger.
4. Creditors were listed in the purchases ledger.
5. Payments and receipts were recorded in the cashbook and transferred to the ledger.
6. She balanced the ledger to ensure all entries were correct.
7. The old ledger contained records dating back over a century.
8. Double entry bookkeeping requires entries to be made in two ledgers.
9. The ledger showed a profit for the first quarter of the year.
10. The clerk updated the accounts in the ledger.
11. She entered the expenses in the expenses ledger.
12. The bank checked the client's ledger before approving the loan.
13. The ledger showed a steady growth in revenue over the past five years.
14. Income and expenses were recorded in separate ledgers.
15. The black leather-bound ledger contained the family's financial records for generations.
16. Opening and closing balances were recorded in the general ledger.
17. The accountant reconciled the bank statement to the ledger.
18. She checked that debits and credits balanced in the ledger.
19. He posted transactions from the journal to the appropriate ledger accounts.
20. The general ledger contained summary accounts for all departments.
21. The lost ledger contained compromising information that could ruin the company.
22. She submitted the statement balances from the ledger to the auditor.
23. Customers were listed alphabetically in the customer ledger.
24. The shop's ledger showed revenue from each sale.
25. He used the ledger to determine the business' profitability.
26. Noncash transactions were also recorded in the ledger.
27. The arsonist sought to destroy financial records listed in the ledger.
28. Credit terms were listed for each customer in the ledger.
29. Petty cash transactions were recorded in the petty cash ledger.
30. The inventory ledger listed items and quantities on hand.
31. The expense ledger showed a steady growth in utility costs over the year.
32. She reviewed the trial balance from the general ledger.
33. The handwritten ledger contained errors she had to correct.
34. The double-entry ledger system ensured accounting accuracy.
35. Transactions were first recorded in a journal then posted to the ledger.
36. He analyzed data from the income statement and balance sheet relating to the ledger.
37. The ledger revealed the company's true financial state.
38. The digital ledger allowed for easy sorting and analysis of data.
39. The lost ledger contained evidence that could implicate the company in wrongdoing.
40. The bank statement was reconciled against the balances in the cash ledger.
41. The company changed from paper ledgers to an electronic accounting system.
42. The partners reviewed balances in the partnership capital ledger.
43. Intercompany transactions were recorded in the intercompany ledger.
44. The forensic accountant went through the ledger line by line searching for fraud.
45. The perpetrator sought to destroy evidence contained within the ledger.
46. Bank balances were recorded daily in the cash book and posted to the ledger.
47. Opening and closing balances were listed for each ledger account.
48. The general ledger contained summary balances for balance sheet accounts.
49. Dividends were recorded in the dividends ledger.
50. Inventory was recorded in the inventory ledger.
51. The cash receipts journal was posted to the cash ledger.
52. Totals were calculated from the various ledgers and recorded in the general ledger.
53. Debit and credit entries were posted from the journal to the ledger.
54. The trust ledger contained details of funds held in trust for beneficiaries.
55. The journal entries were distributed to the relevant ledger accounts.
56. The trial balance was prepared from totals in the general ledger.
57. The manual ledger system required laborious calculations and checks for accuracy.
58. The expense ledger showed a steady increase in legal fees over the past year.
59. The patient's medical history was recorded in his medical ledger.
60. The general ledger provides a summary of all transaction detail in subsidiary ledgers.
Common Phases
1. Keep a record in the
ledger
Recording transactions and other information in an organized book of accounts.
2. Double-entry bookkeeping
In which every transaction is recorded in at least two corresponding entries in different
ledgers or accounts.
3. General
ledger
The main summary of all transactions posted from the subsidiary
ledgers.
4.
Ledger accounts
Specific accounts within the
ledger system representing assets,liabilities, equity, income and expenses.
5. Balancing the
ledger
Ensuring that the total of all debit entries equals the total of all credit entries across all
ledger accounts.
6. Trial balance
A listing of all active
ledger accounts with their debit and credit balances, used to check the arithmetical accuracy of the
ledger accounts.
7. Cash/Petty cash/Sales/Purchases
ledger
Specific
ledgers that record transactions relating to cash, small expenses, sales and purchases respectively.
8. Balance the books
Verify the accuracy of
ledger accounts by balancing debits vs credits and ensuring totals match bank statements.
9. Post to the
ledger
Transfer details of a transaction from the general journal into the relevant
ledger account.
10. Red
ledger
An informal term for a record of illegal or unethical activities.