What Is a Purchase Ledger?

The material procurement sub-ledger is an account book used to calculate the purchase cost of purchased materials. Material procurement sub-ledgers are generally set up by material category or variety. The following columns can be set on each account page: the date of payment or transfer; the number of the payment or transfer voucher; the number of the invoice; the date of receipt, the number of receipt voucher, the number of receipts; the name of the supply unit: the debit amount (divided into the material price) And shipping miscellaneous expenses): credit amount (divided into planned costs, cost differences and other three columns). The "Material Purchasing Details Ledger" adopts the horizontal line registration method, and is registered sequentially according to the relevant documents after review. The debit amount is registered at the actual purchase cost based on the documents such as payment vouchers; the credit amount is registered at the receipts priced at the planned cost. At the end of each month, compare the debit total (the total actual cost of the purchased material) with the credit total (the total planned cost of the purchased material) to calculate the cost difference of savings or overruns, and carry it to the material cost difference subledger at a time. Go. The amount of paid material with only the debit amount and no lender amount in the account is the material amount in transit ^[1] that has not yet arrived.