Ledger - Origin of The Term Ledger

Origin of The Term Ledger

Originally, a ledger was a large volume of scripture/service book kept in one place in church and accessible. According to Charles Wriothesley's Chronicle (1538):

The curates should provide a booke of the bible in Englishe, of the largest volume, to be a ledger in the same church for the parishioners to read on.

It is an application of this original meaning that is found in the commercial usage of the term for the principal book of account in a business house.

Read more about this topic:  Ledger

Famous quotes containing the words origin of the, origin of, origin, term and/or ledger:

    The essence of morality is a questioning about morality; and the decisive move of human life is to use ceaselessly all light to look for the origin of the opposition between good and evil.
    Georges Bataille (1897–1962)

    Someone had literally run to earth
    In an old cellar hole in a byroad
    The origin of all the family there.
    Thence they were sprung, so numerous a tribe
    That now not all the houses left in town
    Made shift to shelter them without the help
    Of here and there a tent in grove and orchard.
    Robert Frost (1874–1963)

    Art is good when it springs from necessity. This kind of origin is the guarantee of its value; there is no other.
    Neal Cassady (1926–1968)

    The term preschooler signals another change in our expectations of children. While toddler refers to physical development, preschooler refers to a social and intellectual activity: going to school. That shift in emphasis is tremendously important, for it is at this age that we think of children as social creatures who can begin to solve problems.
    Lawrence Kutner (20th century)

    In considering the ledger equal, understand the greatest gift you have given your parents is the opportunity to raise you. The things a child gets from parents can’t compare to the things a parent gets from raising a child. Only by experiencing this can you understand the degree to which children give meaning to parents’ lives.
    Frank Pittman (20th century)