Difference between revisions of "Supplies"
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− | [[Supplies]] | + | [[Supplies]] is the type of [[assets]] acquired by an [[organization]] that has a much shorter life than equipment. ''Supplies'' can also refer to a [[financial account]] for supplies. |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
− | :[[Supplies]]. | + | :[[Supplies]]. The type of [[assets]] acquired by an [[organization]] that has a much shorter life than equipment. |
==Related concepts== | ==Related concepts== |
Revision as of 13:55, 17 December 2018
Supplies is the type of assets acquired by an organization that has a much shorter life than equipment. Supplies can also refer to a financial account for supplies.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Supplies. The type of assets acquired by an organization that has a much shorter life than equipment.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.