As per the unadjusted trial balance, the value of Supplies of a business is OMR5,000. It was found that the supplies used by the end of the year are OMR 2,000. What is adjusting entry to record the supplies used?

a.

Debit supplies OMR 2,000 and credit supplies expenses OMR 2,000

b.

Debit supplies OMR 5,000 and credit supplies expenses OMR 5,000

c.

Debit supplies expenses OMR 5,000 and credit supplies OMR 5,000

d.

Debit supplies expenses OMR 2,000 and credit supplies OMR 2,000

Answer rating: 100% (QA)

Answer dDebit supplies expenses OMR 2000 and credit supplies OMR 2000 The amou... View the full answer