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Prince (p...) (51 Points)

08 September 2010

while purchasing stationery Passed - stationery dr. To pur Why not - stationery dr. To cast

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3 Replies

Ashish Tibrewal (job) (80 Points)
Replied 08 September 2010

we dont show stationry A/c in th books becoz it is of a vary low value....n we write off statnry evry year frm p/L acc......

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Saurabh Toshniwal (ca final) (2363 Points)
Replied 13 September 2010

Originally posted by : Ashish Tibrewal
	we dont show stationry A/c in th books becoz it is of a vary low value....n we write off statnry evry year frm p/L acc......

Dinesh Kumar Agarwal (Article clerk) (117 Points)
Replied 14 September 2010

Generally stationery items supposed to expensed as and when purchased and this very account head normally shown under the group indirect expenses. more over these items not supposed to be life even for a year. thus these were expensed as and when purchased.