ACC 290T Principles Of Accounting I Wk 4 Discussion Recording Adjustments due Day 3.docx

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ACC/290T: Principles Of Accounting I Wk 4 Discussion – Recording Adjustments [due Day 3] Discussion Topic Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students. Due Day 3 The supplies adjustment records the office supplies used for the month. A co- worker asks you to record a larger supplies adjustment compared to what is leftover so the extra supplies can be used at a nonprofit organization. Respond to the following in a minimum of 175 words: Would you do as your co-worker requests so the nonprofit organization can have these extra supplies? Why or why not? Due Day 7 Reply to at least 2 of your classmates. Be constructive and professional in your responses. Wow, this is a great ethical question. On one hand your employee is having the empathy to help those in need, but in the long run it is a hard No. This is called stealing and fudging the books. I
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Unformatted text preview:would not do such an adjustment. Whether it is for a nonprofit organization or not we should not record this adjustments in record. The office supplies should be used for the place that it was intended for its purpose. Its not right etiquette to use office supplies for personal use or issue them to a charity without proper authorization. Now let's look at it from the perspective of requesting the authorization - this on the other handwould be beneficial to the company! Numerous organizations accept donated office equipment, furniture, and office supplies, and you or your business can get receipts for many in-kind donations that allow you to take a tax deduction for these items. Plus, you can promote your business as being green because you're doing your part to help the environment. Your business may get a tax deduction, charities benefit, and you become part of the solution