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Mortgage payable is liability for business and like all liabilities it also has credit balance and shown in liability side of balance sheet.
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Is mortgage payable is credit or debit?
credit
What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
Is payable debit or credit?
payable is credit
Does interest payable a debit or credit?
Interest payable is debit.
Is a decrease in interest payable a credit or debit?
credit
Related questions
Is mortgage payable is credit or debit?
credit
What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
Is payable debit or credit?
payable is credit
Does interest payable a debit or credit?
Interest payable is debit.
A decrease to accounts payable is a debit or credit?
debit
Is a decrease in interest payable a credit or debit?
credit
What is the journl entry for puchasing goods on account?
[Debit] Purchases [Credit] Accounts payable
Is Accounts Payable a debit or credit on the trial balance?
debit
What is the journal entry of credit purchase?
[Debit] Purchases account [Credit] Accounts Payable
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
How do you enter dividends on a journal entry?
[Debit] Proposed dividend [Credit] Dividend payable [Debit] Dividend payable [Credit] Cash / bank
How do you write off accounts payable?
Debit Accounts Payable and Credit either the account where the original debit was made or Credit Other Income
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