Recording office supplies as an asset after paying for them would be considered a deferral.

Name: Recording office supplies as an asset after paying for them would be considered a deferral.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Recording office supplies as an asset after paying for them is considered a deferral because the payment for the supplies has been made in advance, and the supplies will be used up over time. As the supplies are used, their value will be transferred from the assets account to an expense account.

Recording Office Supplies as an Asset After Paying for Them