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Is office supplies an asset or expense?
Asked by unknown
1 Answers
The supplies that have been used during the accounting period should be reported in the income statement account Supplies Expense. Basically, supplies are assets until they are used. When they are used, they become an expense.
What is the definition of police patrol?
Asked by unknown
1 Answers
A patrol is commonly a group of personnel, such as law enforcement officers or military personnel, that are assigned to monitor a specific geographic area. This is also often referred to as a beat.
Do you still wear your engagement ring after you get married?
Asked by unknown
1 Answers
Once you're married, tradition dictates that your engagement band be moved back to the third finger on your left hand. When you do so, your wedding ring should remain closest to your heart (where your spouse placed it on your wedding day) and your engagement ring is placed next to the wedding ring.