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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.

​Wellingborough (/ˈwɛlɪŋbərə/ WEL-ing-bər-ə) is a large market town in the Wellingborough district of Northamptonshire, England, 11 miles (18 km) from Northampton on the north side of the River Nene.[3][4]

Originally named "Wendelingburgh" (the stronghold of Wændel's people),[5] the Anglo-Saxon settlement is mentioned in the Domesday Book as "Wendelburie". The town was granted a royal market charter in 1201 by King John.[6]

At the 2011 census, the town had a population of 49,128.[1] The Borough Council of Wellingborough has its offices in the town centre.[7] The town is twinned with Niort in France, and with Wittlich in Germany.

The town is predicted to grow by 30 per cent under the Milton Keynes South Midlands (MKSM) study, and the government has identified Wellingborough as one of several towns in Northamptonshire where growth in jobs and housing will be directed.[8] The area will see an addition of around 10,000 homes by 2031, mainly to the east of the town.[9] Wellingborough, along with Corby and Kettering together comprise the core of the North Northamptonshire growth area, coordinated by the North Northamptonshire Joint Planning and Delivery.[10] The town also has a growing commuter population as it is on the Midland Main Line railway, operated by East Midlands Railway, with trains to London St Pancras International taking under an hour, and an interchange with Eurostar services.[11]

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