Consumables
<p><b >Consumables</b> (also known as <b >consumable goods</b>, <b >nondurable goods</b>, or <b >soft goods</b>) are goods that, according to the 1913 edition of <a href="https://en.wikipedia.org/wiki/Webster%27s_Dictionary" title="Webster's Dictionary" >Webster's Dictionary</a>, are capable of being <a href="https://en.wiktionary.org/wiki/consume" class="extiw" title="wikt:consume" >consumed</a>; that may be destroyed, dissipated, wasted, or spent. <a href="https://en.wikipedia.org/wiki/John_Locke" title="John Locke" >John Locke</a> specifies these as "consumable commodities."<sup id="cite_ref-1" class="reference" ><a href="https://en.wikipedia.org/wiki/Consumables#cite_note-1" >[1]</a></sup> People have, for example, always consumed <a href="https://en.wikipedia.org/wiki/Food" title="Food" >food</a> and <a href="https://en.wikipedia.org/wiki/Water" title="Water" >water</a>. Consumables are in contrast to <a href="https://en.wikipedia.org/wiki/Durable_good" title="Durable good" >durable goods</a>.
 
From a taxable expense point of view, consumables are not goods bought for resale. Goods bought for resale would be accounted for under Purchases in the Cost of Goods Sold section.
 
Take a look at the 'child thoughts' of Consumables to get an idea of what expenses might be classified to Consumables.
 
Be sure to classify consumable expenses to Other Consumables where the expense does not fit into one of the specific Consumables categories.
 
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