When a Company Receives a Utility Bill but Will Not

question 190

Multiple Choice

When a company receives a utility bill but will not pay it right away, it should

• A)debit Utilities Expense and credit Accounts Receivable.
• B)debit Utilities Expense and credit Accounts Payable.
• C)debit Accounts Payable and credit Utilities Expense.
• D)make no entry until the bill is paid.

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Definitions:

Stress Relief

Activities or practices that reduce tension and anxiety, promoting emotional and physical well-being.

Acceptance

The acknowledgment and embracing of reality without attempting to change it, often applied to self, others, or circumstances.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often associated with being accountable for one’s actions or tasks.

Johari Window

Johari Window is a psychological tool used to help individuals and groups understand their relational dynamics by categorizing knowledge of oneself and others into four quadrants: open, hidden, blind, and unknown.