Question

what are the effects in adjustment for stationery includes stock of stationery​

Answer 1

Answer:

If you're in a business of selling stationery, then it's an asset for you (inventory). 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.

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