ledger assets

  • Book value of investments, bank deposits, and other tangible items; also certain intangible items such as balances, uncollected premiums, or recoverable paid losses. Such assets are recorded on the company’s general ledger.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).