I want to know the difference between the words ledger and accounts. I don't work in an accounts department and know nothing of it. Can anybody explain it to me please?
The following definition is an excerpt from the Longman dictionary of contemporary English.
ledger
a book in which a business, bank etc records how much money it receives and spends
and
accounts
a)[plural] an exact record of the money that a company has received and the money it has spent