Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

ledger

Read a random definition: appellant

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.

lecture method | ledo

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
16:44
Yeah, I would have definitely gone to the hotel if I knew they booked a room for me. At the very least, it would be proper to show up personally and explain your extraneous circumstances
Law-Shark
16:44
Nah but it's in your name. I went to an ASD. I asked the school for an extra night and they gave it to me. You just need to plan things better.
Law-Shark
16:45
This is like peak disconenct between the male and female brain.
16:45
i think that's where i was confused then
Law-Shark
16:45
disconnect*
Law-Shark
16:45
You live and you learn
16:45
because i did let one of the staff know i'd be leaving early and thought that would be enough
16:46
but i was confused why i got an e-mail with a room cuz I didn't ask for it at all
Law-Shark
16:46
Well, you know now what to do.
16:47
well on their end they prob shouldn't just be buying hotel rooms for ppl who don't request it and then getting mad I didn't go
16:48
goof
16:48
Did you get any materials for admitted students day explaining that they would be booking hotel rooms?
16:49
there was an opt in on the form but I didn't select yes
16:49
Hmm, that's weird
16:50
i think it's unprofessional of them to call you like what if you had an emergency and had to leave? why is it their business why you didn't stay? not like they're lacking money and $100.00 hotel room is gona make them bankrupt
16:50
i figured it was an error and I was on the road so I didn't read into it. plus it would make more sense for it to be the night before cuz it started at 9am? so I was like uhhh and paid it no mind
16:51
@bigfatsloth: that's what i'm saying, they were gonna pay no matter what
16:54
"This is like peak disconenct between the male and female brain." like bffr
16:55
It was probably an administrative error then. I can't imagine why they would book hotel rooms for people that didn't select yes. I would maybe follow up with them and apologize for the misunderstanding to avoid any awkwardness
Denny
16:56
who watch that arsenal game
16:56
I'm a Chelsea fan unfortunately
damn why are yall fighting i the lsd.law gc
Denny
17:14
@ET025: but ur not watching champions league?
Denny
17:15
declan rice did a madness
17:20
@Denny: Not today. Doing more LSAT studying this afternoon, but I saw that. I think Chelsea missed out on him. (this is probably more suited for OT)
Does anyone have experience getting their aid package reconsidered at WashU? How long does it take to hear back after sending the form?
MrThickRopes
21:01
fo pm gon be good to us tmrw
Mr ropes is hopeful again so I am too
21:33
lets go ropes
21:53
[deleted by starfishies]
LSD+ is ad-free, with DMs, discounts, case briefs & more.