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As Accounts Payable has a credit balance as normal balance so it has credit balance until not paid but it may have debit balance as well in case when payment is made for more than actual accounts payable which create negative balance or debit balance.
What else can I help you with?
Does a debit memo increase or decrease a accounts payable balance?
The accounts payable balance is a credit, so a debit to this account will decrease the balance.
Is interest payable a credit or debit?
Interest payable is liability account and have a credit balance as a normal balance.
To increase the balance in an accounts payable ledger?
To increase the balance in an accounts payable ledger you credit the account.
Is Accounts Payable considered a debit on the Trial Balance?
No, it is a Credit because Accounts payable is a Liability account.
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
Does a debit memo increase or decrease a accounts payable balance?
The accounts payable balance is a credit, so a debit to this account will decrease the balance.
Is Account Payable Considered Debit Or Credit On The Trial Balance?
debit
Is interest payable a credit or debit?
Interest payable is liability account and have a credit balance as a normal balance.
To increase the balance in an accounts payable ledger?
To increase the balance in an accounts payable ledger you credit the account.
Is accounts payable a debit or creit balance account?
Accounts Payable is a liability so it should be a credit balance.
Accounts payable is considered a what on trial balance credit or debit?
An account payable is a liability and would be considered a credit. Remember liabilities maintain a credit balance. Even when listing on the Trial Balance, all liabilities (including accounts payable) will be shown as their actual type, hence account payable is a credit.
Is Accounts Payable considered a debit on the Trial Balance?
No, it is a Credit because Accounts payable is a Liability account.
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
Impact on accounts payable if the company pays the account?
An account payable is a debt the company owes and maintains a credit balance, the impact on the account if a company pays the debt is a decrease in what the company owes or a decrease in the account payable. This means a debit will be added to the account to "decrease" the balance.
Does sales tax payable have a normal credit balance?
All payable maintain a credit balance. A payable is a liability account and therefore like a liability does increase with a credit and decrease with a debit.
What a payable is paid is it a debit or credit?
I am assuming you meant "when" a payable is paid?A "payable" is a liability to the company, it is something they owe. For example, Account Payable. Liabilities maintain a credit balance, meaning they increase with a credit and decrease with a debit.In short, when you "pay" the payable, you are decreasing what you owe by the amount paid and therefor will "debit" the payable account.
Can accounts payable normally have a debit balance?
No, Accounts payable don;t have debit balance as a normal balance and it mayb e happend of debit balance due to more payment then required.
