As a company uses supplies,an adjustment should be made to decrease an asset account and increase an expense account as it represents the use of a resource (asset).

Name: As a company uses supplies,an adjustment should be made to decrease an asset account and increase an expense account as it represents the use of a resource (asset).
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is correct accounting practice as the use of supplies represents a decrease in an asset account and an increase in an expense account.

As a Company Uses Supplies,an Adjustment Should Be Made to Decrease