The purchase of a supply of markers for three months should be recorded as an increase in revenue and a decrease in cash.

Name: The purchase of a supply of markers for three months should be recorded as an increase in revenue and a decrease in cash.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The purchase of a supply of markers is an expense, not revenue. Therefore, it should be recorded as a decrease in cash and a decrease in supplies (or an increase in expenses).

The Purchase of a Supply of Markers for Three Months