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bravata bravata
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7 years ago
Which of the following is TRUE regarding the accounts supplies payable and supplies expense?
A) These account titles both mean the same thing and are used interchangeably.
B) Supplies payable represents the cost of supplies bought on account but not yet paid for, while supplies expense represents the cost of the supplies which have been paid for.
C) Supplies payable represents the cost of supplies bought on account but not yet paid for, while supplies expense represents the cost of supplies used to deliver goods or services to customers.
D) Supplies expense represents the cost of supplies bought on account but not yet paid for, while supplies payable represents the cost of supplies used to deliver goods or services to customers.
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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bravata Author
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7 years ago
Thanks
AlahuKakpar
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Yesterday
Just got PERFECT on my quiz
Tim0301
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2 hours ago
Thanks for your help!!
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