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LSDefine

Simple English definitions for legal terms

ledger

Read a random definition: manucaptio

A quick definition of ledger:

A ledger is a book or set of books used to keep track of money coming in and going out. It helps people keep track of how much money they have and where it is going. In the past, a ledger could also refer to a person who represented their country in another place.

A more thorough explanation:

A ledger is a book or set of books used to record financial transactions. It shows the money that comes in and goes out of a business or organization. The ledger is divided into two parts: debits and credits. Debits are the money that is spent or owed, while credits are the money that is earned or received.

For example, if a company buys supplies for $100, that would be recorded as a debit in the ledger. If the company sells a product for $200, that would be recorded as a credit. The ledger helps keep track of the company's financial health and can be used to create financial statements.

The term "ledger" can also refer to an archaic meaning, which is a resident ambassador or agent. This usage is not commonly used today.

Example:

A small business owner keeps a ledger to track all of the company's financial transactions. Each time money is spent or earned, it is recorded in the ledger. At the end of the month, the owner can use the ledger to see how much money was made and spent, and make decisions about the future of the business.

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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