When a company receives a utility bill payable next month,the entry includes a(n)________.
A)debit to a liability
B)credit to an asset
C)debit to an expense
D)debit to an asset

Question

Quizplus · Accepted Answer

When a company receives a utility bill payable next month, the entry includes a debit to a liability because the company now owes the utility company for the services provided.

When a Company Receives a Utility Bill Payable Next Month,the