Supplies expense is a temporary account.

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Supplies expense is a type of expense account which is considered a temporary account. It is used to record the cost of supplies consumed during a specific period, such as a month or a year. At the end of the accounting period, the balance in the supplies expense account is transferred to the income statement to calculate net income. Once the period is over and the accounts are closed, the supplies expense account is reset to zero and is ready to be used to record new expenses in the next period. Thus, supplies expense is a temporary account that is used only for a specific period of time.

Supplies Expense Is a Temporary Account