Journal Entry and Ledger Posting for Printing & Stationery Expenses incurred but not yet paid

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 expenses incurred but not yet paid.

When Printing and stationery expenses incurred but not yet paid, the affected Ledger Accounts are :

Printing & Stationery Ledger Account shows Debit effect and,

Printing & Stationery Payable Ledger Account shows Credit effect.

Journal Entry

Ledger Posting

In Printing & Stationery Expenses Ledger Account.

In Printing & Stationery Payable Account.

Example :

In the Books of M/s.Trimurthy Traders, Office Stationery purchased from 'Lucky Store' for  ₹1270/- on dt.31/03/2022 as per Inv No.1514.

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 Account

Credit Ledger is :

• Printing & Stationery Payable Account

Journal Entry

Ledger Posting

In Printing & Stationery Ledger Account

In Printing & Stationery Payable Ledger Account.