Job Recruitment Website - Property management - Our company is a property management company, which collects and pays water and electricity fees for the owners. What accounting subjects are included? Is there an accounting subject of "collecting mo
Our company is a property management company, which collects and pays water and electricity fees for the owners. What accounting subjects are included? Is there an accounting subject of "collecting mo
Our company is a property management company, which collects and pays water and electricity fees for the owners. What accounting subjects are included? Is there an accounting subject of "collecting money" in accounting?
When collecting and paying utilities for the owner
Debit: cash/bank deposit
Loan: other payables-water supply company/power supply bureau
The collected utilities are included in other payables.
When you go to the water company or power supply bureau to pay the water or electricity bill.
Debit: Other payables
Loan: cash/bank deposit
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