When supplies are initially recorded in the supplies expense account, the offsetting credit is usually to the accounts payable account. If the supplies are instead paid for with cash, the offsetting credit is to the cash account.May 16, 2017
Is supplies a debit or credit?
Account Type Increases Balance Decreases Balance
------------------------------------------------------------------------------------------------------------------------------------------------------- ----------------- -----------------
Expenses: Expenses are considered the cost of doing business and include things such as office supplies, insurance, rent, payroll expenses, and postage Debit Credit