itsjudicious
New member
for month of may financial statement...person makes supply purchase on credit in may...increase in A and L...but does this decrease in net income?
would the answer differ based on cash or accural? how does that affect net income? since ethe supplies can be used in may..wouldn't that decrease net income because it's a supply expense?
would the answer differ based on cash or accural? how does that affect net income? since ethe supplies can be used in may..wouldn't that decrease net income because it's a supply expense?