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A. Cash
B, Electricity Bill
C. Capital
D. Profit & Loss
Correct answer:
B) Electricity bill
Entry:
Electricity expense a/c Dr
To Bank/Cash a/c
Electricity Bili expense.........................................................................................................
Electricity bill or Utilities .
B
(Dr) Electricity Bill
(Cr) Cash
B. Electricity Bill...................................................................
Option B is the right answer.
B option ......................
Electric Bill Expenses to be debited and credit Accounts payable or bank it will depend on how you will book and pay.
B. Electricity Charges / Bill