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-   -   Super easy question (https://www.askmehelpdesk.com/showthread.php?t=821968)

  • Feb 20, 2016, 04:21 PM
    Jasoup
    Super easy question
    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
  • Feb 20, 2016, 06:16 PM
    paraclete
    Number two is near enough you have the principle, cash, or bank, is used when you actually pay an account

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