Purchase Ledger

Aims and Objectives
To learn the basics of maintaining the manual Purchase Ledger.
Designed to follow on from the Basic Book-keeping course.
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.

Target Audiences
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 Pitman Training Basic Book-keeping course.

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.