When a company receives a utility bill for electricity used this past month and payable next month, the entry includes a ________.
A) debit to a liability
B) credit to an asset
C) debit to an expense
D) debit to an asset

Question

Quizplus · Accepted Answer

The utility bill represents an expense incurred for electricity used, so it is recorded as a debit to an expense account.

When a Company Receives a Utility Bill for Electricity Used