Ask Question
7 November, 13:23

It's the end of the accounting period and no electric bill has been received (but expense has been incurred.; you should record and entry that

+4
Answers (2)
  1. 7 November, 13:29
    0
    The correct answer to your question is "Increases the total liabilities and Increases the total expenses."
  2. 7 November, 13:40
    0
    You should make note of the fact that no bill was received but you did make the payment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “It's the end of the accounting period and no electric bill has been received (but expense has been incurred.; you should record and entry ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers