debit purchases
credit Accounts Payable
Debit accounts payableCredit notes payable
debit accounts payable 250credit notes payable 250
[Debit] Goods purchased [Credit] Accounts payable
debit accounts payablecredit notes payable
To record the payment of a portion of accounts payable, the journal entry would debit the Accounts Payable account to decrease the liability and credit the Cash account to reflect the cash outflow. For example, if $1,000 of accounts payable is paid, the entry would be: Debit: Accounts Payable $1,000 Credit: Cash $1,000 This entry reduces both the outstanding liability and the cash balance.
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 goods / inventorycredit accounts payable
debit cashcredit accounts payable