cnolasco1076 cnolasco1076
  • 10-01-2018
  • Business
contestada

When a utility bill is paid with cash, cash is decreased and utilities expense is __________?

Respuesta :

andriansp andriansp
  • 21-01-2018
I believe the answer Increased.
Utility bill is considered as an expense that could be deducted from profit for taxation purpose. (all expense are recorded in debet when increased)
Because we pay the bill with cash, there would be a cash outflow from our reserve toward the utility provider, hence resulting in decreasing cash.
Answer Link

Otras preguntas

a helicopter is hovering above a road at an altitude of 24 m. At a certain time, distance between the helicopter and a car on the road is 45.0 m. Calculate the
What is the meaning of accounting.
Find the volume of a sphere with a radius of 5m. Remember that the volume of a sphere is 4/3pir^3
Why did some alpha particles bounce off the gold foil?
What does U.S.S.R stand for
What is the meaning of accounting.
What role do a nation's resources play in the goods that the nation export?
How many cups in 240 fl oz
Why did some alpha particles bounce off the gold foil?
A TV at an electronics store originally costs $600, but it is on sale for 30% off. If a customer buying the TV has a coupon for $35.00 off of any purchase, what