A plant ledger is a subsidiary ledger in which fixed asset transactions are recorded. This ledger includes detailed information about each fixed asset, including the following:
- Acquisition date
- Asset description
- Asset location
- Disposition proceeds
- Purchase cost
- Subsequent capitalized additions to the asset
The ending book balances for all fixed assets listed in the plant ledger, when aggregated, should match the summary-level balance appearing in the general ledger. A person investigating fixed asset information would drill down from the summary amount in the general ledger to the detailed information in the plant ledger.