Unused Office Supplies Is What Type Of Account

Unused Office Supplies Is A Real Account
Is Unused Office Supplies A Personal Real Or A Nominal Account?

Unused Office Supplies / Office Supplies On Hand is a Real Account as it is a Current Asset.

Unused office supplies is shown on the left side or asset side of balance sheet as it is a Balance Sheet Account.

It shows that part of office supplies which is not consumed or used by the business during the accounting period. The remaining part, which is used by the business during the period, is already charged to expense (recorded in income statement) for the current accounting period and called office supplies expense account.

Comments