Supplies should be ______ and Supplies Expense should be ______ for supplies used up during the period.

Question

Quizplus · Accepted Answer

The supplies that were used up during the period will decrease, as the inventory of supplies will diminish. The expense associated with these supplies, Supplies Expense, will increase, as they are being consumed and used up in the operations of the business. Therefore, the supplies account will decrease (decreased), and the supplies expense account will increase (increased).

Supplies Should Be ______ and Supplies Expense Should Be ______

Supplies Should Be and Supplies Expense Should Be