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Accounts Payable are ALWAYS listed as a Liability. It is money the company OWES and therefore is a liability to that company.
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∙ 14y ago
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On a company's Trial Balance what is the accounts payable?
An account payable is something the company owes but has yet to pay. All payable accounts are listed as liabilities on the books (including the Trial Balance Sheet) until they are paid.
If the accounts payable account balance increase on the trial balance?
account payable increase on trial balance
What If the accounts payable account balance has increased on the trial balance sheet?
If the balance of accounts payable has increased on the final balance sheet, it means that the company has more creditors to pay and might be struggling with its finances.
What is accounts payable considered on the trial balance sheet?
liability
Discount on Notes Payable is a contra account to Notes Payable on the balance sheet?
true
On a trial balance what is the accounts payable?
An account payable is something the company owes but has yet to pay. All payable accounts are listed as liabilities on the books (including the Trial Balance Sheet) until they are paid.
On a company's Trial Balance what is the accounts payable?
An account payable is something the company owes but has yet to pay. All payable accounts are listed as liabilities on the books (including the Trial Balance Sheet) until they are paid.
If the accounts payable account balance increase on the trial balance?
account payable increase on trial balance
What If the accounts payable account balance has increased on the trial balance sheet?
If the balance of accounts payable has increased on the final balance sheet, it means that the company has more creditors to pay and might be struggling with its finances.
Is accounts payable listed on an income statement?
accounts payable is account in balance sheet
What type of an account is account payable?
balance sheet account liability
What is accounts payable considered on the trial balance sheet?
liability
Discount on Notes Payable is a contra account to Notes Payable on the balance sheet?
true
What is the normal balance of a bonds payable account?
Normal balance of bonds payable account is credit account and it is shown under liability side of balance sheet because these are the amounts payable in future.
Is Accounts Payable considered a debit on the Trial Balance?
No, it is a Credit because Accounts payable is a Liability account.
Is Account Payable Considered Debit Or Credit On The Trial Balance?
debit
Where does accounts payable go on trial balance?
On the balance sheet accounts payable are located under current liabilities.
