Which of the following is a difference between supplies and business services?

Question

Quizplus · Accepted Answer

Supplies are physical items that are consumed or used up in the course of business operations, while business services are intangible activities or processes that support the operation of a business. Supplies are generally considered as expense items because they are consumed while rendering services or producing goods. Business services, on the other hand, are not necessarily expense items but can be classified as either direct costs or indirect costs depending on their nature and purpose.

Which of the Following Is a Difference Between Supplies and Business