Definition of nominal ledger in English:

Share this entry

nominal ledger

noun

Finance
A ledger containing nominal accounts, or one containing both nominal and real accounts.
Example sentences
  • Foreign currency transactions are accepted in all modules, including bank and nominal ledgers.
  • In order to meet the reporting requirements of public companies laws, only the available nominal ledgers were used to produce published financial statements.
  • These details were recorded in hand written journal entries on a weekly basis and inputted onto nominal ledgers.

For editors and proofreaders

Line breaks: nom|in¦al ledger

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.