Received And Paid Utility Bill Journal Entry
Received Utility Bill Journal Entry / Utilities Bill Expense Journal Entry When we received Utilities Bill from suppliers company i.e., suppliers of electricity, gas, water, etc., then it is an Expense ( Utilities Expense ) for the business to be paid at future date as the business used the utilities facilities from the suppliers company but still the payment is not made to suppliers of utilities companies. So it creates a Current Liability for the business to pay to suppliers of utilities companies. So, in that case, we record the following entry as shown below: (a) Utilities Bill Expense a/c XXX ...