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Purchase of packing material

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Tejpal Jain

197 Points Posted on 17 May 2023

I had packing material.which is used for packaging goods.is packing material comes under purchase account

Replies (3)

Quick Summary

This discussion explores how to classify the cost of packing materials. The consensus is that if the material is used for wrapping finished products, it can be booked under a purchase account, or more specifically, a store purchase account. It's considered a direct expense related to the sale of goods.

NARENDRA

ACCOUNTS MANAGER

2213 Points Posted on 17 May 2023

yes............. if it is used for wrapping your finished products .......... you can get it under purchase or better take it under store purchase account ............ ...