Question

A company orders office supplies in June. Those supplies are received and paid for in July. The supplies are used in August. In which month should the company record supplies expense?
A) July.
B) June.
C) Evenly over the three months.
D) August

Answer 1

Answer: August

Explanation: The company would record the supply expense in August when the supplies bought were put into use at the company.

Supply expense is the cost of all items used as at a particular time of recording.