Expense payable is a current liability.
No
By Accouts payable Dr To Expenses A/c Cr
Debit electricity expensesCredit expenses payable
Taxes are payable on income less expenses
Debit trick exp and credit accounts payable
Those expenses have to pay pay
No
By Accouts payable Dr To Expenses A/c Cr
Debit electricity expensesCredit expenses payable
Taxes are payable on income less expenses
Debit outstanding expensesCredit expenses payable
Debit trick exp and credit accounts payable
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
Liabilities
Salaries payable is a out standing expenses for time being its show as a liability account.
DR Operational Expenses CR Accounts Payable
DR Operational Expenses CR Accounts Payable