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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.

​Royal Leamington Spa, commonly known as Leamington Spa or simply Leamington /ˈlɛmɪŋtən/ (About this soundlisten), is a spa town and civil parish in Warwickshire, England. Originally a small village called Leamington Priors, it grew into a spa town in the 18th century following the popularisation of its water which was reputed to have medicinal qualities.[2] In the 19th century, the town experienced one of the most rapid expansions in England.[3] It is named after the River Leam, which flows through the town.

The town contains especially fine ensembles of Regency architecture,[4] particularly in parts of the Parade, Clarendon Square and Lansdowne Circus.

In the 2011 census Leamington had a population of 49,662.[1] Leamington is contiguous with the neighbouring towns of Warwick and Whitnash; these form a combined urban area which in 2011 had a population of 95,172.[5]

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