Accountancy, asked by rizwaanrsgw, 4 months ago

stock of stationery is which type of account​

Answers

Answered by rkulkarniv81
7

Answer:

If you're using stationery in your daily business, then you have a stock of it, so until it's used up, it's an asset (prepaid stationery). Once it's used up, it becomes an expense. Since stationery is usually a small amount, it's expensed right away so not to complicate the prepaid asset accounting.

Answered by ayushipanchal060
2

Answer:

it is one type of assets in balance sheet

Similar questions