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Assets carry a debit balance, supplies are an asset, so supplies carries a debit balance.
There's more to supplies being either a debit or credit than just that. Supplies are generally something you use to keep your business going, whether a service business or a merchandising business or whatever.

When you purchase supplies to use in your business, we will assume the company purchased these supplies using cash, then we would Debit Supplies and Credit Cash. As long as you have those supplies on hand then they show up as a debit on the books. Once you use them and say take inventory the amount of supplies you use will change. For example, say my business is cleaning homes. I have cleaning supplies that total $500, on my books under supplies I have a debit for $500. This month I used $400 of those supplies, I would then adjust my books as a Debit to Supply Expense and a Credit to Supplies.

Supplies on hand show on the books as a Debit, when used, are transferred to Supply Expense as a Debit.

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โˆ™ 2012-06-24 13:47:32
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Q: Is the purchase of office supplies debit or credit?
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Related questions

How do you journal entry office supplies on account?

Debit office suppliesCredit accounts payable


What will be the journal entry Office supplies purchased in cash but not used?

debit office suppliescredit cash


What is the journal entry for Outstanding amount owing to Office Supplies?

debit office suppliescredit accounts payable


Is supplies unused is credit or debit?

credit


What is the journal entry for a cash purchase?

Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct


Is office furniture a credit or a debit?

credit


Is supplies a debit or a credit?

Supplies are those items which is usable in near future like office supplies etc so it has debit balance as default balance and shown under current assets of business in asset side of balance sheet.


Is a supplies a debit or credit?

Supplies are those items which is usable in near future like office supplies etc so it has debit balance as default balance and shown under current assets of business in asset side of balance sheet.


Is supplies a debit or credit?

Supplies are those items which is usable in near future like office supplies etc so it has debit balance as default balance and shown under current assets of business in asset side of balance sheet.


Is credit purchases a debit or credit balance?

A purchase you make is a DEBIT against your account.


What account is affected in an account journal when you return office supplies that was bought on account?

Say I purchsed $500 in Office Supplies on account, I return the office supplies, since I purchased them on account, the company I purchased them from will extend me a credit to my account decreasing the balance I owe them by the said amount. My books will record....Account Payable (debit)Office Supplies (credit)I debit my Account Payable to show that I no longer owe that amount and I credit my Office Supplies to show that I no longer have that amount of supplies on hand.


When using a debit card to make a purchase will choosing either the credit or debit button help your credit score?

No. Debit cards have no connection to credit.


If supplies are return back to company and a reduction is on the account is it a credit or debit?

Debit account


What do you debit and credit for purchase returns?

Debit the supplier Credit the Purchases Returns account


What will be the journal entry for supplies issued?

Debit supplies expensesCredit supplies inventory


Journal entry for supplies used?

Debit supplies expensesCredit supplies inventory


What is the journal entry of supplies used?

[Debit] Supplies expenses [Credit] Supplies Inventory


The purchase of a typewriter on an account would be recorded as a debit on accounts payable and credit to office equipment True or False?

false


What would be the journal entry for supplies used?

debit supplies expensecredit supplies inventory


The entry to adjust for the cost of supplies used during the accounting period is?

debit Supplies Expense; credit Supplies


What is the journal entry for cost of supplies used?

debit supplies expensecredit supplies inventory


What is the purchase of equipment on credit recorded by?

A debit to equipment and a credit to liability


What is the journal entry when you make a deposit?

You would debit cash and credit the applicable account. examples: 2000.00 debit. cash and 2000.00 credit accounts receivable for a payment that was received from a customer. 500.00 debit cash and 500.00 credit supplies for overpayment on supplies.


When a purchase on account is made the invoice becomes a debit or credit?

A debit to the vendor's subsidiary account.


What is the journal entry for a withdrawal of 3000 was recorded as a debit to office expense and a credit to cash?

debit drawings 3000credit office expense 3000

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