diff --git a/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py b/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
index be2453373e4..42cc473b18d 100644
--- a/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
+++ b/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
@@ -207,6 +207,7 @@ class PurchaseReceipt(BuyingController):
 		from erpnext.accounts.general_ledger import process_gl_map
 
 		stock_rbnb = self.get_company_default("stock_received_but_not_billed")
+		cogs_account = self.get_company_default("default_expense_account")
 		landed_cost_entries = get_item_account_wise_additional_cost(self.name)
 		expenses_included_in_valuation = self.get_company_default("expenses_included_in_valuation")
 
@@ -288,7 +289,7 @@ class PurchaseReceipt(BuyingController):
 						if self.is_return or flt(d.item_tax_amount):
 							loss_account = expenses_included_in_valuation
 						else:
-							loss_account = stock_rbnb
+							loss_account = cogs_account
 
 						gl_entries.append(self.get_gl_dict({
 							"account": loss_account,