Office Supplies Are Purchased in Bulk and Recorded as an Asset.They

Multiple Choice

Office supplies are purchased in bulk and recorded as an asset.They are used by staff on a daily basis.An expense recognising the use of the office supplies will normally be recorded:

A) when the supplies are purchased.
B) when supplies are paid for.
C) at the end of the accounting period when an end-of-period adjustment is prepared for supplies used.
D) on a daily basis when supplies are taken from storage.