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LSDefine

Simple English definitions for legal terms

books

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A quick definition of books:

Books are important financial records that companies keep to track their money. These records include things like invoices, sales records, and profit calculations. They help the company keep track of how much money they make and spend. It's important for companies to keep accurate books so they can report their finances to the government. In some states, like Georgia and California, it's even required by law. If someone lies in the books or refuses to let them be inspected, they can get in big trouble.

A more thorough explanation:

Books are financial records that a company keeps to track its income, expenses, sales, and profits. These records include files, invoices, accounting records, and more. They are important for preparing annual statements and for submitting financial information to the appropriate authorities.

For example, in Georgia, corporations are required to keep proper books and records of all their income, expenditures, and receipts. They must submit these books for inspection by the state auditor each year. Similarly, in California, anyone who knowingly makes false statements in a credit union's financial reports or refuses to allow the books to be inspected can be charged with a felony.

Overall, books are essential for keeping track of a company's finances and ensuring that they are in compliance with legal requirements.

bookkeeper | boot

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warning my discord pfp is fun lol and also i haven't changed my username since high school because i didn't feel like it 😭
10:18
LMAO yeah you have a fun pfp
BulbasaurNoLikeCardio
10:20
Yes the septum, so they don't feel weird or mess with breathing/running at all even when flipped in? At limit
snow
10:23
its been a quiet morning so far
LSDFan
10:23
i have no hope for today
JumpySubsequentDolphin
10:24
idk about septums, i only have nostril pierced @bulb
triplethread
10:24
snow i think we will prob hear back from kent the week of dec 1st
10:24
Past 10am and ....nothing
JumpySubsequentDolphin
10:24
I think UCLA a wave today no?
babycat
10:24
🚑
What time have UCLA waves been at
Dkk
10:24
It's only 7:24 AM. We on the west coast control the time.
thismanatemyson
10:25
UCLA please save me
triplethread
10:25
snow if i dont get invited for an honors college interview i might freak
Dkk
10:25
11:22:24 AM PST, wave will come.
triplethread
10:26
dkk are u a boy or a girl
Dkk
10:26
Wizard 101 told me I was a boy wizard.
triplethread
10:26
ok
BulbasaurNoLikeCardio
10:26
I am thinking it will be slower/quitter until after thanksgiving
snow
10:27
thread im like 90% sure im getting an R, but ive come to peace that this might be my unreasonable R for the cycle
triplethread
10:27
but snow we have the same stats. you'll be fine. i promise. if im this confident you should be too
Dkk
10:27
Only tiktok I will share cus I stay off that site.
I am sorry if you like it, but TikTok is fucking awful
LSDFan
10:28
tiktok is great
triplethread
10:28
i lub tik tok and reddit and instantgram
Dkk
10:29
Nah, lol I hate it @texas. I remember when it was music.ly too and you used to have music.ly cringe compilations.
babycat
10:29
I do not have tiktok either because it makes my brain unhappy
10:29
how come i didnt get fordham AGAIN
Yeah, shit is awful. I have friends who spend hours a day on it
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