The Asset Account,Office Supplies,had a Beginning Balance of $3,900

question 43

Multiple Choice

The asset account,Office Supplies,had a beginning balance of $3,900.During the accounting period,office supplies were purchased,on account,for $2,600.Supplies Expense for the accounting period is $4,500.What is the ending balance of Office Supplies?

• A)$6,500
• B)$2,000
• C)$4,500
• D)$5,800

---

Definitions:

Unlimited Performance Measures

A theoretical concept where performance can be evaluated using an infinite number of metrics, beyond the traditional financial and non-financial indicators.

Benchmarking

A process of measuring business processes or performance metrics to industry bests or competitors, aiming for continuous improvement.

Transfer Pricing Formula

A set of methods or calculations used to determine the price for goods and services transacted between controlled or related legal entities within an enterprise.

Durian Juice Concentrate

A thick liquid made by removing most of the water from durian fruit juice, used as a base in food products and beverages.