Basic Financial Accounting Short Questions: When a business pays its electricity bill by direct debit, the journal entry is:
Select one alternative:
A Debit: Bank account; Credit: Heat and Light account.
B Debit: Cash account; Credit: Heat and Light account
C Debit: Heat and Light account; Credit: Cash account.
D Debit: Heat and Light account; Credit: Bank account

Question

When a business pays its electricity bill by direct debit, the journal entry is: 
Select one alternative:
A Debit: Bank account; Credit: Heat and Light account.
B Debit: Cash account; Credit: Heat and Light account
C Debit: Heat and Light account; Credit: Cash account.
D Debit: Heat and Light account; Credit: Bank account

Gonza R · Accepted Answer

C Debit: Heat and Light account; Credit: Cash account.

Basic Financial Accounting Short Questions

C Debit: Heat and Light account; Credit: Cash account.

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