Ask Me Help Desk
>
Business & Careers
>
Accounting
> Used $100 of office supplies. How does this effect the balance sheet?
PDA
View Full Version :
Used $100 of office supplies. How does this effect the balance sheet?
lizbeth1
Sep 20, 2010, 01:05 PM
pready
Sep 20, 2010, 01:15 PM
The Office supplies account on the Balance Sheet will be overstated by $100 and your Income will be overstated by $100 as well.