Why are supplies not considered inventory? What type of account is Supplies on Hand?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 03:26 AM

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Why are supplies not considered inventory? What type of account is Supplies on Hand?

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Supplies are not considered inventory because they are not held for resale By ...View the full answer

Accounting concepts and applications

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