If an adjustment to Supplies is not made, the balance in the Supplies account will be understated.

Name: If an adjustment to Supplies is not made, the balance in the Supplies account will be understated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If an adjustment to Supplies is not made, the balance in the Supplies account will be overstated because the expense for the supplies used during the period would not be recorded, leaving the Supplies account higher than it should be.

If an Adjustment to Supplies Is Not Made, the Balance