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Home > QFINANCE Dictionary > Definition of purchase ledger

Definition of

purchase ledger

Accounting

record of firm's purchases a record of all purchases made by a business or organization.

Related definitions of "purchase ledger"

Recommended Further Reading (Term count)
  • Navigating a Liquidity Crisis Effectively
    by Klaus Kremers
    Until 2007, debt had become very cheap and accessible. Most companies sharply increased their leverage. In Germany, for example, the net-debt-to-EBITDA ratio extremes moved from around 3 in 2002 to around 7 in early 2008. However, a downturn in company performance or an external financial crisis—where lending becomes scarce and borrowing expensive—can make this approach risky.
purchase ledger - Related Articles
  • Navigating a Liquidity Crisis Effectively

    Best Practice

    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

  • How to Optimize Stock Control

    Checklists

    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.

  • How Internal Auditing Can Help with a Company’s Fraud Issues

    Best Practice

    /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

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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.

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