M/s Stationery Mart will debit the purchase of stationery to :

The correct answer is Purchases A/c.

Key PointsPurchases A/c - Purchase is the price of purchasing inventory over a certain time period with the intention of selling it in the regular course of business.

Important Points

• M/s Stationery Mart has a regular business in selling stationery.
• So to sell stationery, he has to purchase stationery also. 
• Purchasing of stationery is daily part of business for M/s Stationery Mart and
• These stationeries are purchases with the intention of selling to a customer and also have inventory of these goods at the end of the year.
• Therefore, this kind of cost are considered as purchases to the business. M/s Stationery Mart will debit the purchase of stationery to Purchases A/c in the books of accounts.

Journal Entry:

Additional InformationGeneral Expenses A/c - General expenses are the costs a business that incurs as part of its daily operations.

Examples of general expenses include rent, utilities, postage, supplies and computer equipment.