Question

In which account are postage stamps classified? a.   Cash. b.   Office supplies. c.   Receivables. d.   Inventory.

In which account are postage stamps classified?

a.   Cash.

b.   Office supplies.

c.   Receivables.

d.   Inventory.

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Answer #1

Ans is B

Office supplies

Reason:-

It is not cash.

It does not amount receivable from debtor

It is not a stock of inventory in which company deals.

It is part of the supplies of office.

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