👉 In accounting, a "lodgement" is a form of financial statement that provides information about an organization's income and expenses. It is typically used to report the total amount of money that has been paid or received from various sources over a specific period, such as a quarter or year. Lodgements are often seen in the context of a company's financial statements, where they provide insight into how much revenue was earned during a particular time period and what expenses were incurred. They can be used to
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What is the definition of Lodgement? 🙋
👉 Lodgement is a legal process where an individual or entity transfers property or assets to another party. It typically involves a formal exchange of documents, such as deeds, ownership statements, or financial records, between the parties involved. This process can be used in various types of transactions, including real estate sales, corporate transfers, and personal property exchanges. In the context of legal terminology, "lodgement" is often associated with the act of transferring property to another party through a formal exchange of documents.
