Ask Question
16 July, 23:20

A company orders office supplies in June. Those supplies are received and paid for in July. The supplies are used in August. In which month should the company record supplies expense?

A) July.

B) June.

C) Evenly over the three months.

D) August

+1
Answers (1)
  1. 17 July, 01:23
    0
    Answer: August

    Explanation: The company would record the supply expense in August when the supplies bought were put into use at the company.

    Supply expense is the cost of all items used as at a particular time of recording.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company orders office supplies in June. Those supplies are received and paid for in July. The supplies are used in August. In which month ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers