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 of the Basic Book-keeping for Beginners course.
Objectives:To learn the basics of maintaining a manual Purchase Ledger.
Benefits
·Designed to follow on from the Basic Book-keeping course.
·The flexibility and value of a 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.
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