Ledger posting purchase day book :
We now have a separate purchases ledger containing all the creditors accounts.
Credit purchases are posted one by one.to the credit of each supplier's account in the purchase ledger. At the end of each period the total of the credit purchases is posted to the debit side of the purchase account in the general ledger.
As with sales , each purchase will be posted to the related party account when the purchase occurs.
Credit purchases are posted one by one.to the credit of each supplier's account in the purchase ledger. At the end of each period the total of the credit purchases is posted to the debit side of the purchase account in the general ledger.
As with sales , each purchase will be posted to the related party account when the purchase occurs.
No comments:
Post a Comment