There is a manufacturing business of pipes where sometimes (and its only sometimes like once in a year or two and only when its required) they buy journals or books from organisations that publish conformity standards. So under which head of expense would this transaction go? Membership and Subscripttion may not be the right ledger here because the purchase is not of a service but rather a product. Publication purchase expenses would be the ideal one I believe. Please guide me.
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Accounting entry for purchase of books or journals
Replies (5)
Quick Summary
You can use Stationery or Publicity Expenses /Advertisment Expenses if such books used for advertisment of pipes
Printing and Stationery
Printing & Stationary A/c Dr
Vendor A/c
Vendor a/c Dr
To Bank / Cash
Vendor A/c
Vendor a/c Dr
To Bank / Cash
| Originally posted by : Eswar Reddy S | ||
 |
Printing & Stationary A/c Dr Vendor A/c Vendor a/c Dr To Bank / Cash |  |
Mr. Reddy, what if those journals are sold electronically like ebooks? Can e-books be treated as expense in Printing and Stationery ledger?
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