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Homework answers / question archive / Supplies Expense is an example of: 1

Supplies Expense is an example of: 1

Accounting

Supplies Expense is an example of:

1. revenue.

2. expense.

3. other Changes to Owners' Equity.

4. None of the above

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The answer is 2. expense.

  • This is because the supplies expense reflects the cost of the supplies that were used in the reporting period. Seeing that the supplies were used to the company's benefit, it is deemed an expense.

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