After the adjusting entries have been completed, the ending balance in the supplies account represents the cost of supplies remaining at the end of the accounting period.
<h3>What is the supplies account?</h3>
The total cost of office supplies that are charged to expenses throughout a reporting period. When utilized, these things are charged to expenses; if the cost of supplies is irrelevant, they are charged when the expense is incurred. Each department in a company might have its own spending account for office supplies.
Office supply expense examples:
Desk accessories, forms, light bulbs, paper, pens, pencils, and toner cartridges are a few examples of office supplies.
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