Asset Ledger


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".

  1. Business Asset

    A piece of property or equipment purchased exclusively or primarily ...
  2. Intangible Asset

    An asset that is not physical in nature. Corporate intellectual ...
  3. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses ...
  4. Asset

    1. A resource with economic value that an individual, corporation ...
  5. General Ledger

    A company's main accounting records. A general ledger is a complete ...
  6. Tangible Asset

    Assets that have a physical form. Tangible assets include both ...
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  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. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  3. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  4. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  5. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
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