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Definitions from the Web

Ledger Account

Description:

A ledger account is a record of financial transactions relating to a specific category, asset, liability, revenue, or expense in a general ledger. It helps businesses organize and keep track of their financial activities.

Sample Sentences:

• Make sure to update the sales ledger account for each customer's purchase.
• The company's expenses can easily be reviewed by analyzing the appropriate ledger accounts.
• When auditing, it is crucial to reconcile the ledger accounts with supporting documents.

Related Products:

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