An accountant buys pencils to be used in calculating the taxes of other business firms. Based on this information, pencils in this case would be considered as:
A) MRO supplies.
B) process materials.
C) raw material.
D) convenience.
E) consumer.

Question

Quizplus · Accepted Answer

Pencils used by an accountant for business purposes are considered MRO (Maintenance, Repair, and Operations) supplies, as they are necessary for the day-to-day operations of the business but are not part of the final product.

An Accountant Buys Pencils to Be Used in Calculating the Taxes