can we transfer rent expense , stationery & printing exp and electricity bill to office and adminstration expense what are the entries for transfer
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Quick Summary
This discussion explores the accounting treatment for transferring expenses like rent, stationery, printing, and electricity bills to a general office and administration expense category. It clarifies that while stationery and printing can be grouped under office expenses with appropriate journal entries, the classification depends on the specific accounting policies followed by the organisation.
You have to book entries as per their nature only. stationary and printing can be grouped under office exp can can be tranfer by debiting office exp and crediting stationary and printing.