Retail
Store Utilities — Monthly Accrual
Estimating and accruing electricity and water costs before the bill arrives.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Utilities Expense (Store) | Expense (+) | 1,200.00 | - |
| Accrued Liabilities | Liability (+) | - | 1,200.00 |
💡 Accountant's Note
Under the accrual basis, utilities consumed during the month must be recognized even if the bill arrives in the following month.
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