purchases ledger

Accounting dictionary. 2014.

Look at other dictionaries:

  • purchases ledger control account — See: creditors ledger control account …   Accounting dictionary

  • ledger — Fin a collection of accounts, maintained by transfers from the books of original entry. The ledger may be subdivided as follows: the sales ledger/debtors ledger contains the personal accounts of all customers; the purchases ledger/creditors… …   The ultimate business dictionary

  • purchases account — ➔ account1 * * * purchases account UK US noun [C] ACCOUNTING ► an account in the purchase ledger where money spent on goods and services in a particular period is recorded on the debit side: »New inventory purchases are recorded in the purchases… …   Financial and business terms

  • creditors' ledger control account — purchases ledger control account The nominal (or general) ledger control account recording the totals of the entries made to the individual creditors ledgers from the purchases journal and the cash payments journal. The total on the creditors… …   Accounting dictionary

  • creditors' ledger — bought ledger; = purchases ledger A memorandum ledger account in which individual creditors accounts are recorded; it is additional to the nominal ledger and forms part of the internal control system. In each individual creditor s account there… …   Accounting dictionary

  • General ledger — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Purchase ledger — A purchase ledger in accountancy contains the personal accounts of suppliers from whom the business has bought on credit. (The creditors.) It records information such as invoices received, credit notes received and payments sent.The purchase… …   Wikipedia

  • Accounts Payable Subsidiary Ledger — An accounting ledger that shows the transaction history and amounts owed separately for each supplier from whom the business receives credit for purchases. The balance in the customer accounts is periodically reconciled with the accounts payable… …   Investment dictionary

  • bought ledger — / bɔ:t ˌledʒə/ noun a book in which purchases are recorded …   Dictionary of banking and finance

  • purchase ledger — Gen Mgt a record of all purchases made by an organization …   The ultimate business dictionary

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