Which of the Following Entries Correctly Records the Receipt of an Electricity

question 67

Multiple Choice

Which of the following entries correctly records the receipt of an electricity bill from the power company?

• A) Dr Electricity expense
• Cr Accounts payable
• B) Dr Electricity payable
• Cr Accounts payable
• C) Dr Accounts payable
• Cr Electricity expense
• D) Dr Accounts payable
• Cr Electricity payable

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Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossibility) and 1 (certainty).

Notation P(A)

In probability theory, a notation representing the probability of event A occurring.

Precision

The quality of being exact, accurate, and carefully defined.

Probability

The measure of the likelihood that an event will occur.