What in the name of Hell is CONSUMABLES?!?! lol

tauq786x
tauq786x Registered Posts: 35 Regular contributor ⭐
in AAT Level 3 (Level 6 in Scotland)
What is Consumables? :S

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  • jmf
    jmf Registered Posts: 12 New contributor 🐸
    I assumed them to be small miscelaneous expenses that didn't fit in any other expense, either way I put them as an Expense in the P & L
  • Villetty
    Villetty Registered Posts: 8 New contributor 🐸
    jmf wrote: »
    I assumed them to be small miscelaneous expenses that didn't fit in any other expense, either way I put them as an Expense in the P & L

    Correct. Consumables are an expense which will be non-usable after a short period of time. For example, drill bits, blades for tools etc :)
    You only normally see consumables in building based jobs etc
  • tammyariley
    tammyariley Registered Posts: 13 New contributor 🐸
    Consumables
    tauq786x wrote: »
    What is Consumables? :S


    I wondered what it meant so i did a bit of google-ing LOL
    it means

    :thumbup:Goods used by individuals and businesses that must be replaced regularly because they wear out or are used up.
  • Froggity
    Froggity Registered Posts: 21 New contributor 🐸
    tammyariley wrote: »
    I wondered what it meant so i did a bit of google-ing LOL
    it means

    :thumbup:Goods used by individuals and businesses that must be replaced regularly because they wear out or are used up.

    A bit like my credit card then?:lol:
  • rob.woolhouse@yahoo.co.uk
    rob.woolhouse@yahoo.co.uk Registered Posts: 14 New contributor 🐸
    Same here, I think that's right, even though I messed on a few other bits

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