bought ledger

Bought Ledger

1. A book or electronic document that a company uses to record its expenditures for purchases.

2. Recently, the term has come to mean the department or system a company uses to keep control of the credit it extends.

bought ledger

see LEDGER, ACCOUNTING.
References in periodicals archive ?
The Merchandise Bought Ledger is a mission-critical application and is used by various sections within the Payables Department.
If your staff seem genuinely engrossed in the management accounts, you could always move Spycam to the stationery cupboard to see whether the rumours about Brian in bought ledger and Sarah in sales are true.
I also worked in the bought ledger department, moving heavy boxes of files around.