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

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  2. Fixed Asset

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  3. Intangible Asset

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  4. Tangible Asset

    Assets that have a physical form. Tangible assets include both ...
  5. General Ledger

    A company's main accounting records. A general ledger is a complete ...
  6. Book Value

    1. The value at which an asset is carried on a balance sheet. ...
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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. How do I read and analyze an income statement?

    The income statement, also known as the profit and loss (P&L) statement, is the financial statement that depicts the ... Read Full Answer >>
  3. Does working capital include prepaid expenses?

    The calculation for working capital includes any prepaid expenses that are due within one year, since such prepaid expenses ... Read Full Answer >>
  4. Does working capital include short-term debt?

    Short-term debt is considered part of a company's current liabilities and is included in the calculation of working capital. ... Read Full Answer >>
  5. Do dividends affect working capital?

    Regardless of whether cash dividends are paid or accrued, a company's working capital is reduced. When cash dividends are ... Read Full Answer >>
  6. Do prepayments provide working capital?

    Prepayments, or prepaid expenses, are typically included in the current assets on a company's balance sheet, as they represent ... Read Full Answer >>

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