Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
no owners capital is not an asset its an internal liability for the company
Supplies on hand and paid for are assets.
No, capital assets are listed as PP&E (Property, Plant, & Equipment). An account receivable is either a current asset or a long-term asset, not a capital asset.
None!- Its liability.
supplies that are owned owned = asset = asset
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
yes supplies are considered as assets
no owners capital is not an asset its an internal liability for the company
no owners capital is not an asset its an internal liability for the company
Supplies on hand and paid for are assets.
No, capital assets are listed as PP&E (Property, Plant, & Equipment). An account receivable is either a current asset or a long-term asset, not a capital asset.
No. No capital asset results from it.
None!- Its liability.
yes
capital structure