The Water Utility Fund of the City of Pikesville Uses

Multiple Choice

The water utility fund of the City of Pikesville uses cycle billing procedures.Under these procedures,the City of Pikesville will likely do which of the following on December 31,the end of its fiscal year?

A) Read meters and bill all customers on December 31.
B) Accrue revenue and a receivable for the number of days from the last billing date for each customer until December 31.
C) Ignore water consumed by customers from their last billing date until December 31.
D) Call the unbilled customers and request that they read their own meters.