{"id":33230,"count":1,"description":"A ledger is the principal book or computer file for recording and totaling monetary transactions by account, with debits and credits in separate columns and a beginning balance and ending balance for each account. The ledger is a permanent summary of all amounts entered in supporting journals which list individual transactions by date. Every transaction flows from a journal to one or more ledgers. A company's financial statements are generated from summary totals in the ledgers.\nLedgers include:\nFor every debit recorded in a ledger, there must be a corresponding credit so that the debits equal the credits in the grand totals.\nOriginally, a ledger was a large volume of scripture\/service book kept in one place in church and accessible. According to Charles Wriothesley's Chronicle (1538):\nIt is an application of this original meaning that is found in the commercial usage of the term for the principal book of account in a business house.\nBusiness Owner's Toolkit: General Ledger. (n.d.)....","link":"https:\/\/www.skateboarding-lessons.com\/go\/tag\/ledger\/","name":"Ledger","slug":"ledger","taxonomy":"post_tag","meta":[],"_links":{"self":[{"href":"https:\/\/www.skateboarding-lessons.com\/go\/wp-json\/wp\/v2\/tags\/33230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.skateboarding-lessons.com\/go\/wp-json\/wp\/v2\/tags"}],"about":[{"href":"https:\/\/www.skateboarding-lessons.com\/go\/wp-json\/wp\/v2\/taxonomies\/post_tag"}],"wp:post_type":[{"href":"https:\/\/www.skateboarding-lessons.com\/go\/wp-json\/wp\/v2\/posts?tags=33230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}