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June 1, 2019
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The difference between cost of purchase, and materials and supplies

  • June 1, 2019
  • 1 reply
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I make crafts, so I have materials I use to make products, would i put them in cost of purchases, or would I put this information in materials and supplies?
Best answer by bwa

If they become part of the physical goods that you sell they would be purchases.

1 reply

bwaAnswer
June 1, 2019

If they become part of the physical goods that you sell they would be purchases.

June 1, 2019
would a laptop I purchased to be able to sell online be considered materials & supplies?