bought ledger

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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.
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bought ledger

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson