What is Utilities Payable
Utilities Paya ble is the amount due from company to utilities companies due to non payment against the services (Electricity, Gas, Telephone Facilities, etc) received by it for the month. It is a Current Liability for the company as it is payable usually on monthly basis or within one year. Utilities Payable is shown on the Balance Sheet . Utilities Payable Jour nal Entry The following Journal Entry is recorded in the Book of company: Utilities Expenses a/c XXX Utilities Payable a/c XXX ...