Answer:
C)Two.
Paying employees' salaries for the current month
Receiving but not paying a current utility bill.
Explanation:
When salaries are played to employees, an entry is recorded in Salary Expense account.
In accrual accounting when utility bill is received it is recognised in the books even when payment has not been made. Because it is a current utility bill it has to be recorded in this period.
According to the above sentence, the events that would require an expense to be recorded include option C: Two.
At the time when salaries are payed to the employees, an entry need to be recorded as Salary Expense account.
In accrual accounting when utility bill is received it is recognized in the books even when payment has not been made. Because it is a current utility bill it has to be recorded in this period.
Therefore, correct option is C.
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