record of firm's purchases a record of all purchases made by a business or organization.
Related definitions of "purchase ledger"
- US term payables ledger
so as not to mislead, or make fraudulent misrepresentations. Be sure to present an accurate picture of the current situation; account for all received bills (from experience, purchase ledgers do not include all received invoices, with many invoices hidden in staff drawers). 3. Gain or regain trust
By Klaus Kremers
track of it. It applies to every item used to produce a product or service, from raw materials to finished goods, and refers to any kind of stock at every stage of the production process, from purchase and delivery to using and reordering the stock.
/10/06OKAccounts receivables reconciled to the general ledger by individual with no conflicting duties.DetectiveYes1/10/06OKAccounting Manager authorization required to write off uncollectible accounts.PreventativeYes1/10/06OKRebilling of past due items to change the # of days past due (To change DSO’s for example
By Gail Harden
Definitions of ’purchase ledger’ and meaning of ’purchase ledger’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’purchase ledger’ and other financial terms with our online QFINANCE Financial Dictionary.