When an Adjusting Entry Is Made for Supplies Used, an Expense

question 11

Short Answer

When an adjusting entry is made for supplies used, an expense account is increased and a(n) ____________________ account is decreased.

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Definitions:

Leverage

The use of borrowed capital to increase the potential return of an investment, also referring to the ability to influence situations or people to achieve a particular outcome.

Management's Flexibility

The ability of a company's management to adapt to changes in the business environment, including altering strategies and operational processes.

Financing Decisions

Choices made by a company regarding the best methods to finance its operations or expansions, including equity, debt, or internal funds.

Bond Sales

The process of selling debt securities or bonds to investors as a way of raising capital for governmental bodies or corporations.