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    jenelda's Avatar
    jenelda Posts: 1, Reputation: 1
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    #1

    Jul 20, 2010, 07:22 PM
    Is supplies expense a asset or liability
    I am so lost, when calculating total current assets would I include supplies expense, or include this expense with liabilities? Thanks so much.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Aug 26, 2010, 04:38 PM

    Supplies Expense is an Expense, which is an Income Statement Account.
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