Received And Paid Electricity Bill Journal Entry
Electricity Bill Defi nition And Meaning In Accounting It is a n example of Utilities Expenses and it is given by utility companies / corporations to customers for using the electricity facilities suc h as lig hts, electrical equipme nt usi ng electrical power to ge nerate heat or cooling , etc. for the month. Utility bill is payable for the month if it is not paid (unpaid) by the customer at the end of the accounting period. Electricity Bill Payable Journal Entry / U npaid Electricity Bill Journal Entry When we received Utility B ill from the company, then it is our Current Liability to pay to the company for using the Gas, Electricity, Telephone or other Facilities, so we record the following Entry :check Electricity Expe nse a/c / Utilities Expense a/c XXX ...