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, 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)
“Though I do not believe that a plant will spring up where no seed has been, I have great faith in a seed,—a, to me, equally mysterious origin for it.”
—Henry David Thoreau (1817–1862)
“Art, if one employs this term in the broad sense that includes poetry within its realm, is an art of creation laden with ideals, located at the very core of the life of a people, defining the spiritual and moral shape of that life.”
—Ivan Sergeevich Turgenev (1818–1883)
“Life is constantly providing us with new funds, new resources, even when we are reduced to immobility. In life’s ledger there is no such thing as frozen assets.”
—Henry Miller (1891–1980)