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.
Tamworth (/ˈtæmwərθ/) is a large market town and borough in Staffordshire, England, 14 miles (23 km) north-east of Birmingham and on the West Coast Main Line. The town adjoins Warwickshire to the south and east, Lichfield to the north and west and local junctions of the M6 Toll motorway. It takes its name from the River Tame, which flows through it. Its resident population (mid-2019 est.) was 76,696.
Tamworth was historically divided between Warwickshire and Staffordshire until 1889, when the town was placed entirely in Staffordshire.
Tamworth hosts a simple but elevated 12th century castle, a well-preserved medieval church (the Church of St Editha) and a Moat House. Tamworth was the capital of the Anglo-Saxon Kingdom of Mercia during the Heptarchy of seven kingdoms and throughout its later, greater, form.
The town's industries include logistics, engineering, clothing, brick, tile and paper manufacture. Until 2001 one of its factories was Reliant, which produced the Reliant Robin three-wheeler car and the Reliant Scimitar sports car.
The Snowdome, a prototype real-snow indoor ski slope is in Tamworth and 1.7 miles (2.7 km) south is Drayton Manor Theme Park and one of the many marinas serving the Coventry Canal and Birmingham and Fazeley Canal which combine south of the town.