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What is the Difference between raw materials supplies when reporting inventory?
Raw materials are those items that will be used in making the product. Supplies are used inside the business and they won't be sold.
What is the difference between office supplies account and office supplies expense account?
Office supplies acct is an account that you book as payables and a offfice supplies expense account is a Liability Account on your Chart of accounts
Is supplies and supplies expense the same thing?
No, supplies and supplies expense are not the same thing. "Supplies" refers to the physical items or materials that a business uses in its operations, while "supplies expense" represents the cost associated with those supplies that have been consumed during a specific accounting period. When supplies are purchased, they are typically recorded as an asset, and when they are used, their cost is transferred to supplies expense on the income statement.
Difference between trade creditors and other creditors?
A trade creditor is usually someone who supplies you with core products. For example if you are a builder then your trade creditors supply your building materials, fuel for you truck, tools, etc. A sundry creditor is the company that supplies other items like the water cooler in the office, or the company that sold you the window blinds.
Are factory supplies direct materials?
Yes, factory supplies can be considered direct materials if they are integral to the manufacturing process and become a part of the finished product. However, if they are used in a supportive role, such as maintenance or cleaning, they may be classified as indirect materials. The classification ultimately depends on their specific use and contribution to the final product.
What is the Difference between raw materials supplies when reporting inventory?
Raw materials are those items that will be used in making the product. Supplies are used inside the business and they won't be sold.
What are the difference between the tools and materials?
Tools are objects to do the job, (hammers,saws, drills, etc ) materials are what you build with (wood, gyprock, steel etc) and supplies are the ancillary things you need, ( nails, screws, staples etc )
What does naval supplies mean?
naval supplies is a large supply of food, water and other materials
What is the definition of supplies?
Supplies are whatever materials you need to complete a task, make a journey, carry out a job.
What is the CPT code for supplies?
99070-Supplies and materials (except spectacles), provided by the physician over and above those usually included with the office visit or other services rendered (list drugs, trays, supplies, or materials provided)
What is an living organism that supplies materials to another organism?
A host...
Cleaning supplies and materials used in hotel housekeeping?
detergent soap
What is College tuition based on?
the accademics of the school and the materials and supplies they give you.
What is another word for an object designed for a particular job?
Tool.instruments, gear, supplies, materials, equipmentFor example, dental instruments, fire fighting gear, construction equipment, office supplies, art materials
What is the eight letter word for materials or equipment needed to do a job?
supplies, materiel
What are the raw materials supplies or money someone has to use for products or services?
resources
What are the tools materials and supplies are needed in giving a manicure and pedicure?
Syempre Cutics !
