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.
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.
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.
Northamptonshire (/nɔːˈθæmptənʃɪə, -ʃə/; abbreviated Northants.), archaically known as the County of Northampton, is a county in the East Midlands of England. In 2015 it had a population of 723,000. The county is administered by Northamptonshire County Council and by seven non-metropolitan district councils. It is known as "The Rose of the Shires".
Covering an area of 2,364 square kilometres (913 sq mi), Northamptonshire is landlocked between eight other counties: Warwickshire to the west, Leicestershire and Rutland to the north, Cambridgeshire to the east, Bedfordshire to the south-east, Buckinghamshire to the south, Oxfordshire to the south-west and Lincolnshire to the north-east – England's shortest administrative county boundary at 20 yards (19 metres), although this was not the case with the historic county boundary. Northamptonshire is the southernmost county in the East Midlands region.
Apart from the county town of Northampton, other major population centres include Kettering, Corby, Wellingborough, Rushden and Daventry. Northamptonshire's county flower is the cowslip. The city of Peterborough was also part of the county until the creation of the Soke of Peterborough.