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Simple English definitions for legal terms

Manual Accounting System

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A quick definition of Manual Accounting System:

A manual accounting system is a way of keeping track of a business's money without using a computer. Instead, people write down all the transactions in special books called ledgers. These books have different sections for different types of transactions, like sales or payroll. Each transaction is recorded with the date, the type of account, the amount of money, and whether it's adding or subtracting from the total. This information is used to make financial statements for the business. Manual accounting systems are often used by small businesses because they are cheaper than computer systems and don't require as much training.

A more thorough explanation:

A manual accounting system is a way of keeping track of a business's financial transactions without using a computer or specialized accounting software. Instead, transactions are recorded by hand in accounting books, using ledgers, physical records, pads of paper, and books.

For example, a small business may use a manual accounting system to reduce expenses such as computer equipment costs, software license fees, and employee training. They may have several ledgers with separate books to record different types of accounts, such as payroll or sales. The information recorded in these ledgers will be used to prepare the financial statements for the business.

Commonly, accounting pages of a manual accounting ledger have four or more printed columns with multiple rows to record the date of the transaction, type of account, the amount, if it's a debit or credit, and to make any observations.

Overall, a manual accounting system may be less costly than specialized accounting software, and a small business may use it because it may not have a high volume of transactions to record in the accounting ledgers.

Manslaughter | Manufacturing Defect

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no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
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