Is supplies consumed an expense?

Supplies expense refers to the cost of consumables used during a reporting period. ... They are usually charged to expense as incurred, in which case the supplies expense account is included within the cost of goods sold category on the income statement.

What are considered as consumables?

Consumables (also known as consumable goods, non-durable goods, or soft goods) are goods that are intended to be consumed. People have, for example, always consumed food and water. ... For example consumable office supplies are such products as paper, pens, file folders, Post-it notes, and toner or ink cartridges.