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Which of the following statements are accurate regarding supplies? ( Check all that apply. ) Multiple select question. Unused supplies can be recorded as Store
Which of the following statements are accurate regarding supplies? Check all that apply.
Multiple select question.
Unused supplies can be recorded as Store Supplies, Office Supplies or Supplies.
When supplies are purchased, they are added to the Supplies account.
Unused supplies are treated as assets.
Supplies are assets until they are used.
Unused supplies are treated as expenses.
Supplies is considered a liability account.
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