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Is utility expense is a credit or debit?

Anonymous

∙ 12y ago

Updated: 9/22/2023

An increase in any expense is a debit entry, so if your were recording the amount paid for a utility expenditure, the entry would be:

Dr Utility expense (representing an addition to this expense account)

Cr Cash (representing an outflow (decrease) in cash)

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∙ 12y ago

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