A business received its electricity account for the month of November which showed usage of $100. The account was due to be paid in December. Which of the following is true?

Question

Accepted Answer

Under accrual accounting, the expense would be recorded in November

Answer

Both cash accounting and accrual accounting would record the expense in December

Answer

Under cash accounting, the expense would be recorded in November

Answer

Both cash accounting and accrual accounting would record the expense in November

Crowdly

A business received its electricity account for the month of November which show...

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