35. What is the concept known as when after adjustments are made, the expenses incurred to earn revenue are reported in the same fiscal period as the revenue is earned and reported?
36. The ending balance of the asset account, Supplies, should represent the amount of supplies ______________________ at the end of the fiscal period. The amount of supplies used during the period should be recorded in the expense account, _________________.
36. The ending balance of the asset account, Supplies, should represent the amount of supplies ______________________ at the end of the fiscal period. The amount of supplies used during the period should be recorded in the expense account, _________________.
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