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​Abought ledgeris a system inaccountingby which a business records and monitors itscreditors. The purchase ledger contains the individual accounts of suppliers from whom the business has made purchases oncredit. Information oninvoicesandcredit notesreceived, and payments made, are recorded in the supplier's account using thedebits and creditssystem, with thebalanceof each account at a given moment representing the amount currently owed to that supplier.[citation needed]

Historically, the purchase ledger was maintained in book form, hence the termledger, but in modern practice it is much more likely to be held on computer usingaccountancy softwareor aspreadsheet. The concept of Double-entry Bookkeeping is that debits balance the credits at all times. For convenience the main Trial Balance lists some accounts containing many entries as simply a single control figure. There is then a separate physical Ledger for the summarised area, which could conveniently be managed on its own, often at physically separate locations from the main ledger book. The Purchase Ledger is a common example of this.[citation needed]

The purchase ledger will ordinarily be an overall credit (liability) balance, unless credit notes or over-payments exceed the credit balance. However within itself, it is usual to show all invoices as positive figures, and payments as negative entries, as this minimises the number of negative entries to make/read.

​Cromer (/ˈkroʊmər/ KROH-mər) is a coastal town and civil parish on the north coast of the English county of Norfolk.[1] It is approximately 23 miles (37 km) north of the county town of Norwich, 116 miles (187 km) north-northeast of London and 4 miles (6.4 km) east of Sheringham on the North Sea coastline. The local government authorities are North Norfolk District Council, whose headquarters is on Holt Road in the town, and Norfolk County Council, based in Norwich. The civil parish has an area of 4.66 km2 (1.80 sq mi) and at the 2011 census had a population of 7,683.[2]

The town is notable as a traditional tourist resort and for the Cromer crab,[3][4] which forms the major source of income for local fishermen. The motto Gem of the Norfolk Coast is highlighted on the town's road signs.[5]

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