Purchased Stationery (Such As Paper) For Personal Use And For Office Use
Purchased Paper For Printing Journal Entry If a company purchased paper for printing for cash or by cheque then the journal entry is to debit stationary account and credit cash / bank account. Here, stationary is an expense account and cash or bank account is a Current Asset . If we purchased paper for printing on account, then we debit stationery account and credit accounts payable account instead of cash account. Purchased stationery for personal use and for office use If we purchased stationery for personal use for cash, then we debit Drawings Account and credit Cash Account. Example: Purchased stationery worth 8,000 for office use and 2,000 for personal use For Office Use Stationary a/c Rs. 8000 Cash a/c Rs. 8000 (Office Stationery Purchased For Cash) We debit stationary expense as it is increasing and credit cash account as it h