Are supplies an asset or liability? 1.70K viewsAccounting0 Burgess 0 Comments Are the supplies that a company buys an asset or a liability? Is it a current asset/liability or a non current asset/liability? 1 AnswerActiveVotedNewestOldest 0 Throod1954 Posted 0 Comments If I understand correctly, you mean supplies that the company has bought that is sitting in the stock. If that’s correct, then supplies is an asset for the company (a current asset) and should be reported as part of your inventory. Register or Login Search for:
