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Are office supplies current assets?
Yes office supplies are current assets until it is used completely by business.
Does supplies go on the income statement?
No, supplies do not go on the income statement. Supplies are considered to be an expense and are typically recorded on the balance sheet under the category of current assets. The cost of supplies is then deducted over time through the income statement as they are used or consumed in the business operations.
What does a buck boost transformer do?
A buck boost transformer is a type of transformer that is used to make adjustments to the voltage applied to alternating current equipment. These transformers are typically used in back up supplies or in tanning beds.
What are temporary current assets?
Temporary current assets would probably refer to items that are used up quickly and then replaced.Items such as office supplies, cleaning supplies, things to keep a business operational are considered assets, but because they are used up quickly and replenished regularly, they are considered "temporary".Supplies once used, become an expense.
What type of account is the supplies account?
Supplies (sometimes also referred to as "inventory", depending on your industry) is an asset, or more specifically, if you are using a classified balance sheet format, current asset, account. The reason for this is that supplies and inventory are seen as being able to be used for production or converted to cash within one year.
What type of current is used for coffe maker?
An electric current is not REQUIRED in a coffee maker, you can have a coffee maker that works on gas. If you are going to use electricity you could design one that used DC current or AC current. This said, as most houshold mains electricity supplies are AC, most commercially available coffee makers run on AC electricity.
What type of motor used in domestic pumps?
single phase inductionmotor
List energy changes that occur when a battery supplies a current that is used to make an electromagnent?
nothing!
What are domestic light bulbs?
Domestic light bulbs are simply the light bulbs (usually of the filament type) used in the home.
What is a recifier?
An electrical device that converts alternating current into direct current is a rectifier. Diodes, which pass only current going one direction, are a type of rectifier. Most power supplies for electronic equipment contain rectifiers along with other components to "clean" the DC power output.
What type of current is used in battery?
DC direct current
What metal is used in domestic lightbulbs?
The type of metal that is used in domestic light bulbs is known as tungsten. This is the metal that is usually found in incandescent light bulbs.
