Purchase ledger

Designed For

Anyone who has a basic understanding of book-keeping techniques and who wants to learn how to maintain a Purchase Ledger

Prerequisites

A reasonable level of numeracy; experience on the Pitman Training Basic Book-keeping course

Objectives

To learn the basics of maintaining the manual Purchase Ledger

Designed to follow on from the Basic Book-keeping

The flexibility and value of self-study course designed to enable you to work at your own pace

A personalised workbook to use as a reference guide on completion of the course

The opportunity to gain the widely recognised Pitman Training Certificate

Duration

8-10 hours

Course Content

Lesson 1: Introduction to credit purchases; purchase invoices; completing the Purchases Day Book

Lesson 2: The purpose of keeping a Purchase Ledger; locating information to be recorded in the Purchase Ledger accounts; writing up Purchase Ledger accounts; cross-referencing entries in the Purchase Ledger with the Purchases Day Book and Cash Book

Lesson 3: Reconciling the information contained in a supplier's statement; preparing a list of balances from individual Purchase Ledger accounts; writing up a Purchase Ledger Control Account; detecting errors between the Purchase Ledger Control Account and the Individual Purchase Ledger Accounts; stock records; the importance of accounting for all VAT