Journal Entry for Payment for Postage and Stationery
When a business pays for postage and stationery, it is considered an expense and needs to be recorded in the journal. Here is the journal entry for this transaction:
| Date | Particulars | Debit (₹) | Credit (₹) |
|---|---|---|---|
| 2024-06-07 | Postage and Stationery Expense A/c | 5,000 | |
| To Cash A/c | 5,000 | ||
| (Being postage and stationery expenses paid in cash) |
Explanation:
- Postage and Stationery Expense A/c is debited because it represents an increase in expenses.
- Cash A/c is credited because it represents a decrease in the asset account (cash), as cash is paid out.
