purchase ledger

Definition

A ledger that records goods and services that a business purchases on credit.

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Related Terms on BusinessDictionary

subsidiary ledger

Popular 'Accounting' Terms

current ratio
equity
working capital
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revenue
net income
negotiable
net profit
net worth

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purchase ledger is ...

... part of the Accounting subject.

Nearby Terms

punitive damages
purchase
purchase acquisition
purchase agreement
purchase fund
purchase ledger
purchase loan
purchase method
purchase order
purchase outright
purchase-money mortgage