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You received the most recent electricity bill for your company on 31 March 2023. The next bill is not due until 31 July 2023. Your

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You received the most recent electricity bill for your company on 31 March 2023. The next bill is not due until 31 July 2023. Your financial year ends on 30 June 2023. How will you recognise the electricity expenses for the three-month period April-June? (a) It can be recognised as either an Accrued Expense, Prepaid Expense or Cash Expense (b) It will be recognised as a Cash Expense (c) It will be recognised as a Prepaid Expense (d) It will be recognised as an Accrued Expense BUA 4002 - Introduction to Accounting and Finance 3

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