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payables ledger

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › payables ledger

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Kim Smith.
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  • October 31, 2023 at 1:36 pm #694241
    xyzc
    Participant
    • Topics: 413
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    • ☆☆☆☆

    Obtain supplier statements and reconcile these to payables ledger balances and investigate any reconciling items

    Obtain supplier statements and reconcile these to purchase ledger balances and investigate any reconciling items

    Should it be payables ledger or purchase ledger. Which statement is correct and better

    October 31, 2023 at 1:59 pm #694244
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8355
    • ☆☆☆☆☆

    “payables ledger”, “purchases ledger”, “bought ledger” are different names for the same thing. I suggest use whichever term is used in the Q scenario (most likely payables).

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