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View Full Version : Super easy question


Jasoup
Feb 20, 2016, 04:21 PM
Sorry I completely had a brain fart but the journal entry is accrue utilities for x amount
just wanted to know for sure if its
db utilities expense
cr cash

or is it:
Db utilities expense
cr utilities payable

of anything else lol

paraclete
Feb 20, 2016, 06:16 PM
Number two is near enough you have the principle, cash, or bank, is used when you actually pay an account