0
What else can I help you with?
Continue Learning about Accounting
What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
To increase note payable is debit or credit?
Notes payable has credit balance as normal balance so credit will increase the notes payable balance.
Is payable debit or credit?
payable is credit
Does interest payable a debit or credit?
Interest payable is debit.
Is mortgage payable is credit or debit?
credit
Related Questions
What is entry for new note payable?
[Debit] Goods purchased [Credit] notes payable / accounts payable
What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
To increase note payable is debit or credit?
Notes payable has credit balance as normal balance so credit will increase the notes payable balance.
Is payable debit or credit?
payable is credit
Does interest payable a debit or credit?
Interest payable is debit.
Is mortgage payable is credit or debit?
credit
A decrease to accounts payable is a debit or credit?
debit
What is the journal entry for borrow from bank and signed note payable in return?
Entry 1 [Debit] Cash xxxx [Credit] Bank xxxx Entry 2 [Debit] Bank xxxx [Credit] Notes payable xxxx
Is a decrease in interest payable a credit or debit?
credit
What is the journl entry for puchasing goods on account?
[Debit] Purchases [Credit] Accounts payable
Is Accounts Payable a debit or credit on the trial balance?
debit
If you debit owners drawing what do you credit?
The answer depends on how the owner withdrew the funds. If it was cash you credit Cash. If he took out a note, you credit Notes Payable...etc.
Trending Questions
What accounting assumption or principle is being violated if a company reports its corporate headquarters building at its fair value on the balance sheet?
Which companies offer merchant accounts for credit card processing?
What does the acronym VBA stand for?
Can a creditor charge off an account then reopen it?
How far back can the US go back for a audit?
If you owe Federal taxes when do they have to be paid?
What is a forecasting budget?
Why does one need to fill out a Federal Tax ID Application?
What visible audible and intangible characteristics let you know what conditions are present in a school?
Does debit on a bill mean they owe you or do you owe them?
What is foreign currency conversion?
Concept of time value of money?
What is the meaning of tangible asset?
Assumption of break-even analysis?
Will chase open debtor in possession accounts?
Can an accountant purchase shares from a company they work for to benefit?
When does a CPA conduct a review for a private company?
How many days does it take for a check to clear?
Who pays property tax on a rental home?
At IRS what does DIF stand for?
Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.