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If you use accrual accounting you would record the utility bill as a Payable. If you are on a cash basis and do not record any payables or receivables, then you would only record the expense when you actually pay the bill.

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17y ago

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What is the journal entry ana received and paid the utility bill for January 160?

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There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.


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Utility bill statements should be kept for at least one year for record-keeping purposes and to compare usage patterns.


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Most states have a 7 year statute of limitations, after the bill has been paid.


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A debit to capital and and a credit tocash


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What meaning of utility bill?

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Is a water bill considered a utility bill?

yes. Water companies are overseen by state utility regulators. They are utility companies. The water bill, therefore is a utility bill.


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No a doctor bill would not be considered a utility bill.


Is internet a utility bill?

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