Please consider this simple spreadsheet, which tracks a $1,000 loan that I gave to a friend, along with the friend's payments against that initial loan.

type      date         amount
DEBIT     April 1st    -$1000
CREDIT    May 15th      +$200
CREDIT    June 15th     +$100
My account balance:     -$700

What is the formal accounting term to describe this? Is it a balance sheet? A ledger? Something else?

Thanks in advance for your help!

1 Answer 1


This would be a simple ledger. A balance sheet is a summary and doesn't show individual transactions

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