Restaurant
Monthly Electricity & Water Accrual
Estimating and recording the utility costs for the month before the bills arrive.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Utilities Expense (Electricity) | Expense (+) | 600.00 | - |
| Utilities Expense (Water) | Expense (+) | 80.00 | - |
| Accrued Liabilities | Liability (+) | - | 680.00 |
💡 Accountant's Note
Restaurants are heavy utility users. Accruing these costs monthly ensures the P&L shows the real cost of running the kitchen in each period.
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