purchase ledger
noun
commerce a record of a company's purchases of goods and services showing the amounts paid and due
Words Nearby purchase ledger
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
How to use purchase ledger in a sentence
Accounts in the sales ledger will usually show a debit balance, while one in the purchase ledger will have a credit balance.
When properly handled, the voucher system does away with the purchase ledger, no ledger accounts with creditors being necessary.
Describe, and illustrate with the necessary forms, a system in which a purchase ledger and invoice file are combined.
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