Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Electricity Bill paid amount 1000. what will be Debited?

A. Cash

B, Electricity Bill

C. Capital

D. Profit & Loss 

user-image
Question added by Wasim khan wazir , Finance Specialist , Mott Macdonald
Date Posted: 2015/06/13
Shamseer KM
by Shamseer KM , Accounts and Admin Payroll , KBM Group

Correct answer:

B) Electricity bill

 

Entry:

 

Electricity expense  a/c   Dr

 

  To Bank/Cash  a/c

fahad nasir
by fahad nasir , Accountscompany , logistic and supply meat co.

Electricity Bili expense.........................................................................................................

Sheikh Zohaib Rehman Zaibi
by Sheikh Zohaib Rehman Zaibi , Admin and Accounts Officer , NAI ZINDAGI

Electricity bill or Utilities .

Guillermo Bardullas
by Guillermo Bardullas , Cashier / Accounts , Isabela Cultural Corporation

B

(Dr) Electricity Bill

                (Cr) Cash

Gabr Yassen
by Gabr Yassen , محاسب مالي , كايرو تريد

B. Electricity Bill...................................................................

Deleted user
by Deleted user

Option B) electricity bill

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

SAA MAA
by SAA MAA

Electricity Bill expense A/c  Dr...  1000

To Cash A/c   

Rahmat Ullah Khan
by Rahmat Ullah Khan , Administrative Asst , Trojan Holding

B option ......................

Electric Bill Expenses to be debited and credit Accounts payable or bank it will depend on how you will book and pay.

Jafar Sharif
by Jafar Sharif , NEW HORIZONS CYBERSOFT LIMITED

B. Electricity Charges / Bill

More Questions Like This