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Accounts Payable is a liablity.
What else can I help you with?
Is salaries payable an asset or liability or owners equity account?
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
Is interest payable a asset or liability?
liability
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is interest payable a current asset?
No it is a current liability
Is electricity a liability or asset?
Electricity expense is an expense account while accrued electricity payable is a liability account
Is salaries payable an asset or liability or owners equity account?
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
Decrease an asset account and decrease a liability account?
if you have a asset and you sale it and then money which you get pay as a liability so decreas in asset and decreas in liability occurs.
Is interest payable a asset or liability?
liability
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is interest payable a current asset?
No it is a current liability
What transaction would increase an asset account plus increase a liability account?
A transaction that would increase an asset account and a liability account is when a company purchases inventory on credit. In this case, the inventory account (an asset) increases, while accounts payable (a liability) also increases due to the obligation to pay the supplier in the future. This transaction reflects an increase in both resources owned by the company and the debts owed.
Is a clearing account a liability or an asset?
It might either be an asset or liability depending on what type of account information it holds e.g. if it holds a payable information like mortgage approved that await transfer then it is a liability, else for accounts like escrow where in payment is deposited but will be transferred to certain identified GL accounts post approvals, it is treated as a Asset.
Are dividends owner's equity or asset or liability or revenues?
If your divident is the result of your own investment, it is an asset. Divident payable is a liability.
Is accounts payable considered an asset or a liability on a company's balance sheet?
Accounts payable is considered a liability on a company's balance sheet.
What is Accounts Payable the compliance?
account payable is the liability of creditor.
