Journal Entry and Ledger Posting for Printing & Stationery Expenses paid through Bank Account

Printing & Stationery Expenses Ledger Account is popularly used by Accountants for maintaining Books of Account of a Business Organization.

Printing & Stationery Expenses include :

Purchase of Printing materials such as  

  • Printing Paper

  • Writing paper pads

  • Printer Cartridge Refilling ink

  • Document xerox charges etc. for office use.

Purchase of office stationery such as

  • Pen

  • Pencil 

  • Eraser

  • Files/Folders

  • Thread Tag/File Tag/Binding Lace

  • Stamp pad ink

  • Alpin Box 

  • Paper pasting gum etc. for office use.

Now let's discuss about Journal Entry and Ledger Posting procedure, when printing and stationery materials are purchased by payment through Bank Account.

When Printing and stationery items are purchased by payment through Bank Account, the affected Ledger Accounts are :

Printing & Stationery Ledger Account shows Debit effect and,

Bank Account shows Credit effect.

Journal Entry

Journal Entry for Printing & Stationery Expenses paid through Bank Account.

Ledger Posting

In Printing & Stationery Ledger Account.

Printing & Stationery Expenses paid through Bank Account - Posting in Printing & Stationery Ledger Account

In Bank Account.

Printing & Stationery Expenses paid through Bank Account - Posting in Bank Account

Example :

In the Books of M/s.Trimurthy Traders, Amount paid to Lily Stationery for ₹980/- from Axis Bank Current Account vide UPI Ref No.321654  towards purchase of office stationery on dt.31/10/2021.

Pass necessary Journal Entry and post them into their respective Ledger Account for the above mentioned transaction.

In the above transaction

Debit Ledger is :

  • Printing & Stationery A/c

Credit Ledger is :

  • Axis Bank Current A/c

Journal Entry

Journal Entry for Printing & Stationery Expenses paid through Bank Account - Example

Ledger Posting

In Printing & Stationery Ledger Account

Printing & Stationery Expenses paid through Bank Account - Posting in Pritning & Stationery Ledger Account - Example

In Axis Bank Current Account.

Printing & Stationery Expenses paid through Bank Account - Posting in Axis Bank Current Account - Example

 

Location: Cuttack, Odisha, India

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