Singapore GCE A-Level H2 Principles Of Accounting Practice Questions - Singapore GCE A-Level H2 Principles Of Accounting Examination (SEAB Syllabus 9593) Exam

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At year-end 31 December 2025, Lee Traders owes S$2,400 for electricity consumed in December 2025 for which no utility bill has been received. Which journal entry correctly records this accrued expense?
Correct Answer:
Debit Electricity Expense S$2,400; Credit Accrued Operating Expenses S$2,400

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