I Supplies Expense
I Supplies Expense. However, there's another case in which a company can treat supplies as an expense instead of as current. However, something called supplies expense would be a General Ledger account which would reduce revenue.
Supplies expense is neither an asset nor a liability it is an expense.
Expenditure is an outflow of money, or any form of fortune in general, to another person or group to pay for an item or service, or for a category of costs.
Common expenses include payments to suppliers, employee wages, factory leases, and equipment depreciation. Administrative and general expenses — Expenses of an electric utility relating to the overall Examples include office salaries, office supplies,… … Energy terms. Your company's office supplies expense reflects the amount of money your business spent to acquire office supplies.
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