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LSDefine

Simple English definitions for legal terms

ledger

Read a random definition: debarment

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
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
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