On February 15, a Local Business Receives an Invoice for Electricity

question 123

Multiple Choice

On February 15, a local business receives an invoice for electricity used in the month of January and pays it on March 1.In which month should the business recognize the expense?

• A)February
• B)January
• C)March
• D)No expense should be recorded.

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Definitions:

Computer Desks

Furniture designed to accommodate desktop computers, peripherals, and related accessories, often including features like keyboard trays and cable management.

Brokers

Intermediaries who arrange or negotiate transactions between buyers and sellers for a commission or fee.

Agents

Individuals or entities that act on behalf of another person or organization in a particular business transaction or legal matter.

Title

Legal right to the ownership of property or assets, including the evidence of such ownership.