What is the meaning of purchase ledger?
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Studied at Stanford University, Lives in Palo Alto, CA
The Purchase Ledger is your record of your purchases and expenses, whether or not you have paid them and how much you still owe. On a Balance Sheet, the total unpaid bills will usually will be called Trade Creditors or Accounts Payable. The Purchase Ledger has an Account for every Supplier.
2023-05-09 03:37:23
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Harper Lee
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The Purchase Ledger is your record of your purchases and expenses, whether or not you have paid them and how much you still owe. On a Balance Sheet, the total unpaid bills will usually will be called Trade Creditors or Accounts Payable. The Purchase Ledger has an Account for every Supplier.
