To learn the basics of maintaining the manual Purchase Ledger
Designed to follow on from the Basic Book-keeping
Anyone who has a basic understanding of book-keeping techniques and who wants to learn how to maintain a Purchase Ledger
A reasonable level of numeracy; experience on the Pitman Training Basic Book-keeping course
- 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.
: 8-10 hours
1010290913
Accounts
