Telephones

Is a telephone bill considered a utility bill?

User Avatar
Wiki User
2006-08-11 17:29:16

I would believe so. What is a utility? According to

dictionary.com it is - A useful article or device. - So if your

telephone is a -useful article or device- I would conclude that it

is a utility. Yes, as is gas , water and electricity. Although use

of the telephone is considered part of your overall utility

expense, in business telephone expenses are generally tracked

separately from utilities on a profit and loss statement.

Basically, you would set up an account in your general ledger for

Telephone and another for Utilities (which would include gas,

electricity and water). This enables management to keep a handle on

an otherwise hefty expense.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.