How does the electric company know its revenue for a given, Accounting Basics

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How does the electric company know its revenue for a given

When an electric utility customer uses electricity, the electric company has earned revenues. It is obviously impossible, however, for the company to read all of its customers' meters on the evening of December 31. How does the electric company know its revenue for a given year? Explain.

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Accounting Basics: How does the electric company know its revenue for a given

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