How to post to each supplier's account
Every supplier has an account in the purchases ledger. Post invoices, credit notes and payments to it and find what is owed.
Task 1One account for each supplier4 questions
Trade payables in the general ledger is one figure for all suppliers. The purchases ledger shows what is owed to each supplier, with one account each.
Every invoice in the purchases day book is posted to its supplier's account, one at a time, at the Total amount including VAT.
It goes on the credit side, because the shop now owes that supplier more.
Kestrel Frames sent two invoices in May: K310 for £960 and K342 for £516, both including VAT.
Task 2Credit notes and payments4 questions
Task 3The two ledgers must agree2 questions