Homework Answers
Account payable or creditors account having credit balance.
purchase on credit basis Is debited to account payable
And cash received and purchase returns are debited to account payable .
So that
Creditors or account payable is a liability and cash paid to creditors means reducing the liabity.
To reduce the liability cash is debited to account payable.
Option B is correct.
Debited to account payable of $ 3,400.
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Needs help with this questions please!! Below is the trial balance of Slowcombe Services on September...
Needs help with this questions please!!
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Needs help with this questions please!!
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