Which of the Following Entries Would Record the Payment of a Utility

question 12

Multiple Choice

Which of the following entries would record the payment of a utility bill?

• A) Utilities Expense, debit; Cash, credit
• B) Cash, debit; Utilities Expense, credit
• C) Utilities Expense, debit; Accounts Payable, credit
• D) Accounts Receivable, debit; Utilities Expense, credit

Recognize the role and functioning of processors in PLC operations, including timing, counting, and logic processing.

Acknowledge the importance of optical isolation and electrical noise implications in PLC systems.

Understand the concept and importance of business planning in starting and operating a business.

Identify the stages of the life cycle of entrepreneurial firms and their characteristics.

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows, discounted at a specific interest rate.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Discount Rate

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows or investments.