Inventory & accounting

Dear Rajnish,

You are purchasing goods with goods with returnable bins. Here whatever is goods cost are your purchase cost and what you are paying for bin are security deposit which will refunded upon returning back bin to supplier.

Upon Receipt of Material following entry can be passed

Purchase A/c                                                            Dr.       100

Security Deposit- Returnable bin A/c            Dr.       10 [classified under Current Assets]

                           To Supplier                                                                  110

Note: Both Purchase & Security Deposits are supported by Inventory. You can identify numbers of returnable bin by dividing security deposit by 10.

Upon return of Returnable bin

Supplier A/c Dr.        10

         To Security Deposit- Returnable bin          10

In case packing bin lost by you or not able to return to supplier

Charge Security Deposit to Expenses

Misc. Expense A/c Dr.                  10

           To Security Deposit- Returnable bin         10