stock of stationery is which type of account
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Answered by
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
2
Answer:
it is one type of assets in balance sheet
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