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.
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.