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What does it mean if the ap account balance has increased on the trial balance?
Wiki User
∙ 13y ago
The trial balance is the list of all open accounts in the ledger (although post-closing trial balances exist as well).
If the A/P (Accounts Payable) account increased on the trial balance, this would mean that entries had been made (journalized) and posted to the ledger that increase the A/P account balance.
For example, buying inventory on account would increase the A/P account balance. This transaction would be journalized and then posted (process of transferring info from journal to ledger). This would result in an increase in A/P on the trial balance.
Wiki User
∙ 13y ago
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What does it mean when the Accounts Payable account balance has increased on the Trial Balance?
accounts payable are the amounts owing by the business to its creditors.in a situation where the accounts payable balance has increased in the trial balance means that the amount owing by the business has increased probably due to more credit purchases.
What does it means If the AP account balance has increased on the Trial Balance?
The trial balance is the list of all open accounts in the ledger (although post-closing trial balances exist as well). If the A/P (Accounts Payable) account increased on the trial balance, this would mean that entries had been made (journalized) and posted to the ledger that increase the A/P account balance. For example, buying inventory on account would increase the A/P account balance. This transaction would be journalized and then posted (process of transferring info from journal to ledger). This would result in an increase in A/P on the trial balance.
What does it mean when the accounts payable balance has increased on the trial balance?
Accounts Payable are the amounts owing by the business to its creditors.in a situation where the accounts payable balance has increased in the trial balance means that the amount owing by the business has increased probably due to more credit purchases.
What does it mean when an AP account balance has increased?
sales have dropped
What does purchases adjusted mean in trial balance?
It means that the closing stock will appear in trial balance
Which type of checking account pays interest on the mean balance of the account during a particular cycle?
Average Balance account
What does Vested Balance mean?
Balance in your investment account before tax
What do you mean by finance function?
Finance function is the function which determines and brings the future financial resources need for the company from different sources like banks and financial institutions such as profit and loss account balance sheet and trial balance
What is accured account?
you mean 'Accrued' account, which means increased,or what you have added, saved.
What is mean by lien balance in bank account?
zero
What does force over balance on a bank account mean?
"Force over balance" refers to a transaction that is forced through disregarding any holds or the current balance on the account.
What does it mean if your account has a minus sign?
IT most likely means that your overdrawn on your account and its at a negative balance.
