Office supplies of 900 were purchased on account to be used


Office supplies of $900 were purchased on account to be used infuture months. One part of the accounting entry to record this event in the accounting system would be to:

  1. increase assets by$900
  2. decrease assets by $900
  3. increase expenses by $900
  4. decrease liabilities by $900

I think its increase expenses by 900 just not sure.

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Accounting Basics: Office supplies of 900 were purchased on account to be used
Reference No:- TGS0598088

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