debit purchases
credit Accounts Payable
*For purchases (supplies, office materials, etc.) on account
Purchases xx
Accounts Payable xx
*During payment of purchases on account
Accounts Payable xx
Purchases xx
NOTE: Journal entries depends on the accounts involved, like: Taxes, discounts and other stuffs. ^^
*For purchases (supplies, office materials, etc.) on account
Purchases xx
Accounts Payable xx
*During payment of purchases on account
Accounts Payable xx
Purchases xx
NOTE: Journal entries depends on the accounts involved, like: Taxes, discounts and other stuffs. ^^
debit purchases
credit accounts payable
debit accounts payable 250credit notes payable 250
[Debit] Goods purchased [Credit] Accounts payable
debit accounts payablecredit notes payable
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
yes
Debit accounts payableCredit notes payable
debit accounts payable 250credit notes payable 250
debit purchasescredit accounts payable
[Debit] Goods purchased [Credit] Accounts payable
debit accounts payablecredit notes payable
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
yes
Accounts Payable Cash/Bank/Goods etc
debit accounts payableCredit cash / bank
debit dishonored chequecredit accounts payable
Debit accounts payable / expensesCredit bank
debit cashcredit accounts payable