Asset Ledger

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DEFINITION of 'Asset Ledger'

The part of a company's accounting records that detail the journal entries relating only to the asset side of the balance sheet. Asset ledgers will have many subaccounts, and the larger the company, the more numerous and complex the asset ledgers will be.

BREAKING DOWN 'Asset Ledger'

The subaccounts to the asset ledger can be extensive. Fixed assets, for example, can be divided into facilities, equipment, assets that may be expensed, etc. The asset ledger is one of many subsidiary accounts that feed into a company's general ledger. The general ledger is used to construct financial statements and is generally considered to be a company's "official accounting record".

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RELATED FAQS
  1. What is property, plant and equipment, and what does it mean?

    Property, plant and equipment (PP&E) is a term that describes an account on the balance sheet. The PP&E account ... Read Full Answer >>
  2. What is the formula for calculating compound annual growth rate (CAGR) in Excel?

    The compound annual growth rate, or CAGR for short, measures the return on an investment over a certain period of time. Below ... Read Full Answer >>
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    In accounting, general and administrative expenses represent the necessary costs to maintain a company's daily operations ... Read Full Answer >>
  4. What is the difference between called-up share capital and paid-up share capital?

    The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
  5. How do dividend distributions affect additional paid in capital?

    Whether a dividend distribution has any effect on additional paid-in capital depends solely on what type of dividend is issued: ... Read Full Answer >>
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