Final answer:
The correct account to track small expenses such as postage and office supplies is the Office Supplies account.
Step-by-step explanation:
The correct account used to track small expenses such as postage and office supplies is called the Office Supplies account. This account is typically included in a business's Chart of Accounts, which is used to categorize and track different types of financial transactions.
For example, when a small expense is incurred for purchasing office supplies, such as pens, paper, or printer ink, the cost is recorded in the Office Supplies account. This helps businesses monitor and control their expenses for these items.
Other common accounts in a business's Chart of Accounts include the Postage account for tracking postage expenses and the Office Expenses account for other miscellaneous office expenses.