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[Debit] Accounts payable [Credit] Cash / bank
[Debit] Purchases [Credit] Accounts payable
debit
The accounts payable balance is a credit, so a debit to this account will decrease the balance.
Debit Accounts Payable and Credit either the account where the original debit was made or Credit Other Income
[Debit] Accounts payable [Credit] Cash / bank
debit
[Debit] Purchases [Credit] Accounts payable
debit
No actually... Cash paid to credits should credit cash account and debit payable account
The accounts payable balance is a credit, so a debit to this account will decrease the balance.
Debit Accounts Payable and Credit either the account where the original debit was made or Credit Other Income
account payable account debit to bank account
debit accounts payable 250credit notes payable 250
Debit
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.
No, it is a Credit because Accounts payable is a Liability account.