Battery
Alternator and battery
A car alternator generates alternating current, then uses a rectifier to convert the alternating current to direct current, it charges your battery and supplies the current to run all the electrical systems in the car.
The battery
There are a number of different car models that Part City Auto supplies parts for. In fact, they claim to have parts for every make and model on the road.
yes, its part of the current assets, others are CashPetty Cash FundNotes ReceivableAccounts ReceivableAllowance for Bad DebtsAccrued Interest IncomeAdvances to EmployeesInventoriesPrepaid ExpensesUnused Supplies
No, the pump runs on AC current the battery supplies DC current. Yes, but you will need an inverter to turn the DC current into AC current
Supplies are those items which purchased in bulk to be used during the operations of business so it is current asset and shown under current asset section of balance sheet and not part of 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.
Supplies on hand and paid for are assets.
Yes office supplies are current assets until it is used completely by business.
Supplies
Most supplies are considered current/ short-term assets because they will be utilized within one year (fiscal or calendar).