nominal ledger
noun[C]
ukusACCOUNTING
→general ledger
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purchase ledger
sales ledger
Examplesofnominal ledger
nominal ledger
The value of thenominalledgerwill hold either a debit balance value or a credit balance value.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It is not used in daybooks (journals), which normally do not form part of thenominalledgersystem.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.This list will contain the name of thenominalledgeraccount and the value of thatnominalledgeraccount.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.From thesenominalledgeraccounts a trial balance can be created.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Another column will contain the name of thenominalledgeraccount describing what each value is for.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Eachnominalledgeraccount is unique to allow its ledger to be located.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The double entry system usesnominalledgeraccounts.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Trialing, by listing everynominalledgerbalance, ensures accurate reporting of the nominal ledgers for use in financial reporting of a business's performance.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The reason for this is to limit the number of entries in thenominalledger: entries in the daybooks can be totalled before they are entered in thenominalledger.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The nominal and real accounts, if together, are kept in what is called the general ledger; but this may be further subdivided into anominalledgerand a private ledger.
FromProject Gutenberg
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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