Paying a Utility Bill When Received Would

question 104

Multiple Choice

Paying a utility bill when received would:

• A) increase expenses
• B) increase liabilities
• C) increase owners' equity
• D) decrease revenues

---

Definitions:

Payor Banking Group

A consortium or group of banks that manages the payment and settlement of transactions for clients.

Written Stop Payment Order

A formal request made to a bank by an account holder instructing the bank not to pay a specific check or payment.

Affirmative Duties

Obligations requiring individuals or entities to take certain actions or measures, often imposed by law or contract.

Assert Their Rights

To take actions or steps to claim or enforce one’s legal entitlements or privileges, often in the face of opposition or indifference.