Which of the Following Is TRUE Regarding the Accounts Supplies

Multiple Choice

Which of the following is TRUE regarding the accounts supplies payable and supplies expense?

A) These account titles both mean the same thing and are used interchangeably.
B) Supplies payable represents the cost of supplies bought on account but not yet paid for, while supplies expense represents the cost of the supplies which have been paid for.
C) Supplies payable represents the cost of supplies bought on account but not yet paid for, while supplies expense represents the cost of supplies used to deliver goods or services to customers.
D) Supplies expense represents the cost of supplies bought on account but not yet paid for, while supplies payable represents the cost of supplies used to deliver goods or services to customers.