Bonds payable is liability for business which is refundable in future and like all liabilities which have credit balance as default balance bonds payable also has credit balance as default balance.
Bonds Payable would be a liability and therefore normally maintain a credit balance.
Interest payable is debit.
payable is credit
account payable account debit to bank account
debit
Bonds Payable would be a liability and therefore normally maintain a credit balance.
Interest payable is debit.
payable is credit
Payable
debit
account payable account debit to bank account
debit
debit
[Debit] Purchases [Credit] Accounts payable
A decrease in accounts payable is recorded as a debit on the financial statements.
[Debit] Goods purchased [Credit] notes payable / accounts payable
debit accounts payablecredit notes payable