A ledger is a book or collection of accounts in which accounting transactions are recorded. Each account has:
- an opening or brought-forward balance;
- a list of transactions, each recorded as either a debit or credit in separate columns (usually with a counter-entry on another page)
- and an ending or closing, or carry-forward, balance.
- ^ From the English dialect norms liggen or leggen, to lie or lay; in sense adapted from the Dutch substantive legger