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View Full Version : When paying an electric bill which ledger will I use to post the payment?


maddie0325
Mar 1, 2010, 12:27 PM
When paying an electric bill which ledger will I post the payment to?

Corrine1507
Mar 1, 2010, 12:47 PM
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.

amankaur
May 31, 2012, 08:12 AM
It will be debit or credit in ledger which the payment is already made.

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