Maintaining a Purchase Ledger

Designed for:

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

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

Benefits

• The Purchase Ledger course contributes towards the Basic Bookkeeping 1 OCR Examination

• A personal 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