a record of a company's purchases of goods and services showing the amounts paid and due
purchase ledger in Accounting
(pɜrtʃɪs lɛdʒər)
Word forms: (regular plural) purchase ledgers
noun
(Accounting: Financial statements)
A purchase ledger is a record of a company's purchases of goods and services showing the amounts thathave been paid and remain to be paid.
The purchase ledger exceeds the value of the sales ledger as at September 30 by nearly $300 thousand.
This system will ensure that correct spend is entered in the purchase ledger after goods receipt and the supplier gets paid without further manual intervention.
A purchase ledger is a record of a company's purchases of goods and services showing the amounts thathave been paid and remain to be paid.