Accounting for stationery Worth Rs. 20,000 donated for the current year by two stationers. (Journal Entry)
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Answer:
200000/2 0= 100
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The journal entry for accounting stationery purchase.
We debit office supplies as an expense to an account such as Office Supplies and would credit a Cash account if you paid for the supplies with cash.
The journal entry will be,
Stationery account/ office expense account dr. 20,000
To cash account rupees 20,000.
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