Accounts Payable is a liablity.
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
liability
Accounts Payable is a liability. Accounts receivable is 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.
No it is a current liability
Electricity expense is an expense account while accrued electricity payable is a liability account
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
liability
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.
Accounts Payable is a liability. Accounts receivable is 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.
No it is a current liability
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.
If your divident is the result of your own investment, it is an asset. Divident payable is a liability.
Accounts payable is considered a liability on a company's balance sheet.
account payable is the liability of creditor.
Decrease in asset means being using of it decreases and liability decrease means payable of debts decreases.