A company orders office supplies in June.Those supplies are received and used in July.The supplies are paid for in August.In which month should the company record supplies expense?

Name: A company orders office supplies in June.Those supplies are received and used in July.The supplies are paid for in August.In which month should the company record supplies expense?
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Question

Quizplus · Accepted Answer

The supplies were received and used in July, so the expense should be recorded in July when the supplies were consumed.

A Company Orders Office Supplies in June