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Accounts Payable is a liablity.
What else can I help you with?
Is salaries payable an asset or liability or owners equity account?
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
Is interest payable a asset or liability?
liability
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is interest payable a current asset?
No it is a current liability
Is electricity a liability or asset?
Electricity expense is an expense account while accrued electricity payable is a liability account
Is salaries payable an asset or liability or owners equity account?
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
Is interest payable a asset or liability?
liability
Decrease an asset account and decrease a liability account?
if you have a asset and you sale it and then money which you get pay as a liability so decreas in asset and decreas in liability occurs.
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is interest payable a current asset?
No it is a current liability
Is a clearing account a liability or an asset?
It might either be an asset or liability depending on what type of account information it holds e.g. if it holds a payable information like mortgage approved that await transfer then it is a liability, else for accounts like escrow where in payment is deposited but will be transferred to certain identified GL accounts post approvals, it is treated as a Asset.
Are dividends owner's equity or asset or liability or revenues?
If your divident is the result of your own investment, it is an asset. Divident payable is a liability.
Is accounts payable considered an asset or a liability on a company's balance sheet?
Accounts payable is considered a liability on a company's balance sheet.
What is Accounts Payable the compliance?
account payable is the liability of creditor.
What decreases an asset and liability?
Decrease in asset means being using of it decreases and liability decrease means payable of debts decreases.
