The Supplies Inventory account will appear as an expense on the income statement.

Name: The Supplies Inventory account will appear as an expense on the income statement.
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Question

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The Supplies Inventory account is not an expense account. It represents an asset, specifically the supplies that a business has on hand to use in their operations. The supplies will become an expense when they are used/consumed, and at that point their cost will be recognized on the income statement.

The Supplies Inventory Account Will Appear as an Expense on the Income