anna conda landscaping service received a bill for the utilities used during september. the bill will be paid in october. the journal entry to record the utility bill received is:

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Anna's conda landscaping service received a bill for the utilities used during September. the bill will be paid in October. the journal entry to record the utility bill received is Debit utility Expense; Credit Cash

A price is a value that companies incur in walking their operations. prices include wages, salaries, renovation, hire, and depreciation. charges are deducted from sales to arrive at profits. businesses are allowed to deduct sure charges from taxes to help alleviate the tax burden and bulk up earnings.

In easy terms, charges suggest a cost. In accounting phrases, the expense is the operational value this is paid to earn commercial enterprise revenues. It method the outflow of coins in go back for items or services. costs can also be written as the sum of all of the operations that normally bring income.

Expenses and costs are comparable concepts, and they may be once in a while used interchangeably, but there are some differences for companies to remember. A cost generally refers back to the fee paid to accumulate an asset, at the same time as a rate is an ongoing cost, inclusive of an employee's income or hire on a retail space.

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