Office Supplies Are Expensed When?

Office Supplies becomes Expense when these are consumed / used by the business during the accounting period.

The adjusting entry to expense out office supplies is recorded by a debit to office supplies expense account and a credit to office supplies account as shown below:

                                                             Office Supplies Expense a/c  XXX

 

                                                                                                               Office Supplies a/c  XXX

 

                                                                  (Office Supplies Consumed For The Period)

The remaining part of office supplies that is not used or consumed is Office Supplies on Hand / Unused Office Supplies.