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    Wallflower's Avatar
    Wallflower Posts: 1, Reputation: 1
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    #1

    Feb 5, 2007, 11:43 AM
    Utility expense accrual
    How are utility expense accruals recognized? Or are they not recognized as accruals at all, just expenses when paid?:confused:
    Joselo's Avatar
    Joselo Posts: 2, Reputation: 1
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    #2

    Apr 3, 2008, 02:24 AM
    You HAVE to accrue for utility costs, and one way to do so is to historically coem to an approximate figure i.e.. look at the previous 6-3 months and average it and post it as an estimate figure on the books.

    Cheers
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