Question Mode

Multiple Select Question

Select all that apply

Which of the following statements are accurate regarding supplies? $($Check all that apply.$)$

Multiple select question.

When supplies are purchased, they are added to the Supplies account.

Supplies are assets until they are used.

Unused supplies can be recorded as Store Supplies, Office Supplies or Supplies.

Unused supplies are treated as assets.

Unused supplies are treated as expenses.

Supplies is considered a liability account.