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
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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
Number two is near enough you have the principle, cash, or bank, is used when you actually pay an account
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