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1) Office supplies purchased in bulk are initially charged to an asset account and are used on a daily basis. An expense will normally be

1) Office supplies purchased in bulk are initially charged to an asset account and are used on a daily basis. An expense will normally be recorded:

a) when supplies are ordered.

b) at the end of the accounting period when an end-of-period adjustment is prepared for supplies used.

c) on a daily basis.

d) when supplies are paid for.

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