Which of the following formulas may be used to determine the

Which of the following formulas may be used to determine the amount of supplies expense to recognize at the end of an accounting period?

A. Beginning supplies balance + Supplies purchased - ending supplies balance

B. Supplies purchased - supplies used

c. Ending supplies balance + supplies purchase - beginning supplies balance

d. Supplies purchased - beginning supplies balance

Solution

Ending supplies balance=Beginning supplies balance+Supplies purchased-Supplies expenses

Hence supplies expenses=Beginning supplies balance + Supplies purchased - ending supplies balance

Hence the correct option is A.