A Business Receives a Bill for Utilities but Decides to Pay

question 58

Multiple Choice

A business receives a bill for utilities but decides to pay it next month.The business would record the receipt of the bill by:

• A) Debiting Accounts Payable;Crediting Utilities Expense
• B) Debiting Utilities Expense;Crediting Accounts Receivable
• C) Debiting Utilities Expense;Crediting Accounts Payable
• D) Debiting Utilities Expense;Crediting Cash

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Definitions:

Transfer to The Job

The process by which skills and knowledge learned in training are applied in the workplace setting.

Physical Fidelity

The degree to which a simulated environment accurately replicates the real-world physical environment.

Learning Process

A series of steps or stages that involve acquiring new knowledge, behaviors, skills, values, or preferences, often considered as a continual change.

Instructional Method

A systematic approach used by educators to facilitate learning in students.