An account payable is a liability and would be considered a credit. Remember liabilities maintain a credit balance. Even when listing on the Trial Balance, all liabilities (including accounts payable) will be shown as their actual type, hence account payable is a credit.
No, it is a Credit because Accounts payable is a Liability account.
It is NOT, accounts payable is never considered a debit on any financial statement. Accounts Payable is a liability that a company owes and therefore must maintain a "credit" balance.
Accounts payable is a liability account and all liability accounts have credit balance as normal balance so accounts payable is also credit as a normal balance
Accounts Payable is a Liability and therefore its normal balance is a Credit on the Balance Sheet
Accounts Payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.
Accounts payable balance will increase
Accounts Payable is a liability so it should be a credit balance.
To increase the balance in an accounts payable ledger you credit the account.
The accounts payable balance is a credit, so a debit to this account will decrease the balance.
credit side
credit balances
Accounts payable's normal entry is credit. when it is at the debit side it could mean: reversal of accounts payable which happens at the end of accounting period, or return of merchandise purchased, or overstatement of purchased merchandise.