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When paying an electric bill which ledger will I use to post the payment?

Asked Mar 1, 2010, 11:27 AM — 3 Answers
When paying an electric bill which ledger will I post the payment to?

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3 Answers
Corrine1507's Avatar
Corrine1507 Posts: 5, Reputation: 1
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#2

Mar 1, 2010, 11:47 AM
It depends, if you have not posted it yet if not, debit the utilities Expense and credit the bank if you have posted it it will be a debt to accounts payable and credit to the bank.
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amankaur's Avatar
amankaur Posts: 1, Reputation: 1
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#3

May 31, 2012, 08:12 AM
It will be debit or credit in ledger which the payment is already made.
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pready's Avatar
pready Posts: 2,666, Reputation: 887
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#4

Jun 1, 2012, 06:31 AM
Debit Utilities Expense for the amount paid
Credit Cash for the amount paid
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